| Author (Person) | Xiaozu, Wang |
|---|---|
| Publisher | Italian Institute for International Political Studies (ISPI) |
| Series Title | ISPI Commentary |
| Series Details | September 2011 |
| Publication Date | 01/09/2011 |
| Content Type | Journal | Series | Blog |
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EU is still broiled in debt crisis and many are frantically searching for solutions. Besides occasional finger pointing, much focus has been on how much these affected countries should cut government expenditures in order to restore fiscal balance and how those less affected countries should (not) pay for stabilizing the situation. Unfortunately, all these are from within EU. Not to mention political difficulties, as the crisis prolongs and more countries are dragged into the crisis, solutions from within will become more difficult to find financially. So instead of bootstrapping itself out of the financial quagmire, it is time for EU to look for solutions outside of EU, i.e. to leverage itself out of the debt crisis. What leverages does EU have? Despite all the financial and fiscal woes, EU remains strong in many areas of its real economy. It still has highly productive and innovative work force, well-run multinational companies and sophisticated technological know-how in energy and environment. These are very powerful leverages EU can use to entice China to help it out of the debt crisis. |
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| Source Link | http://www.ispionline.it/it/pubblicazione/eu-debt-crisis-calls-deeper-cooperation-between-eu-and-china-0 |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | China, Europe |
