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China wants to revalue its currency just to make some smaller european countries happy.
by IM on Thu Jun 2nd, 2011 at 12:49:05 PM EST
[ Parent ]
Uh, no.

But China might want to allow its currency to appreciate against a few small European countries, if that means it gets to use them as bridgeheads into the Common Market. Sort of like how the US used Britain as a Trojan horse into the EU.

Mind you, that won't do anything good for European solidarity. But I think we passed the event horizon on that around the time the Troika started suggesting selling off the Acropolis.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jun 2nd, 2011 at 02:54:42 PM EST
[ Parent ]

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