Why China should bail out Europe

October 28, 2011 12:25

On the New York Times: Europe is drowning and needs a lifeline. A series of marathon meetings this week yielded a new set of proposals, but what they depend on is cash '" and lots of it, perhaps trillions of dollars '" to save Greece and the European banking system and to prevent financial contagion from spreading to Spain, Italy and even France, which would destroy the euro zone as we know it.

Where to turn for help? The answer is obvious: China.

Read the report by Arvind Subramanian

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