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No, the Eurozone has balanced foreign accounts.

RoW is not a surplus sink for the Eurozone, which means that none of the money the Eurozone's members pay for import end up in China.

The notion that "China is bankrolling Europe" is American conventional wisdom that you're puking up as if it were fact.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 19th, 2012 at 06:05:46 PM EST
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