China’s assistance could do more harm than good in the eurozone

Contrary to the high hopes being attached to the proffer of Chinese assistance at the G20 in Cannes this week, CEPS Director Daniel Gros warns in this Commentary that a large inflow of funds from China and other 'investors' could in fact do more harm than good. In his view, the incoming capital would strengthen the euro and thus make a recovery in the periphery even more difficult.