Tuesday, 1 November 2011

Financial News

China advocates Europe borrow in renminbi

BEIJING (MarketWatch) — In the wake of last week’s new deal on European debt, China is serving up a steely reminder to Europe: you may have to start borrowing in renminbi to gain a sympathetic hearing from the world’s largest creditor.
http://www.marketwatch.com/story/china-advocates-europe-borrow-in-renminbi-2011-10-31?link=home_carousel

Greece’s Referendum Step Leaves Europe Aghast

The European Commission was rendered speechless last night, unable to react to George Papandreou’s dramatic choice to have Greece’s people vote on the country’s future in the euro zone. Referendums are anathema in Brussels, where scripted Summits and handed-down directives are more the style than popular votes and their messily democratic outcomes
http://blogs.wsj.com/source/2011/11/01/greece%E2%80%99s-referendum-step-leaves-europe-aghast/