Thread: China Pledges Continued Support for European Debt

JUNE 25, 2011, 10:03 A.M. ET.

China Pledges Continued Support for European Debt

BY VERONIKA GULYAS AND OWEN FLETCHER

BUDAPEST–Chinese Premier Wen Jiabao on Saturday said his country will continue to buy euro-denominated bonds and support Europe, in China's latest public endorsement of the efforts to contain a potential debt crisis in the common currency area.

The remarks by Mr. Wen, who was in Budapest on a five-day European tour that will also take him to London and Berlin, came as European leaders wrangle over mechanisms to provide fresh financing to Greece and head off a potentially destabilizing default by the country. Many European leaders see Chinese support as a key booster for market confidence in their sovereign finances, ...

http://online.wsj.com/article/SB1000142 ... lenews_wsj

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