Stratfor insights on China’s bailout of the Eurozone
An e-mail from Startfor intelligence, dated November 3rd 2011 and published by Wikileaks as part of the Global Intelligence Files, reveals interesting inside information regarding China’s position on helping solve the financial crisis in the Eurozone. The source providing the intelligence, a Dogan News Agency Econ correspondent in Beijing, told Stratfor that the Chinese would negotiate two main conditions in order to help Europe with a favorable loan:
Source says China’s conditions to lend money to Europe are becoming
clearer. They have two main conditions: Remove the restrictions on
high-tech exports and recognize free-market status to China. Many things
may change in the world if the Europeans accept these conditions.
In reply to this insight, a Stratfor analyst mentions a shady arms trade being discussed with the French Government:
Actually i’m quite surprised that they did not bring up the arms sale
issue yet. Maybe that’s what they discuss in backchannel talks with Sarko.
Will ask if there are details about high-tech items.
In another e-mail, also from November 2011, an unnamed senior economist of the Troika (the triumvirate made up of the European Commission, the European Central Bank and the IMF, in charge of the structural reforms in countries with debt problems), reveals details about a meeting between the Chinese and Russian presidents with Nicholas Sarkozy, former French President, in which both countries offered 73 billion Euros each “ if Europe can come up with a guarantee for their next plans”.
Sarkozy sat down with Medvedev and Hu. Both countries are offering 73
billion Euros each if Europe can come up with a guarantee for their next
plans. These would be “starter funds” too. Not sure how Europe can
guarantee anything though.
Rumors about China helping to save the Eurozone were already reported earlier this year.
Original document source:
Date of release: November 7th 2012
Photo: The official photo session of the G8 leaders
Russian Presidential Press and Information Office
Short URL: http://whistle.is/?p=550