31.10.2011 - For Europe bailout fund, next stop is Japan
The head of Europe's bailout fund, Klaus Regling, takes his tour of potential Asian investors to Japan next, after Beijing proved unwilling to open its checkbook until European leaders could offer more details about their plan to save the euro zone. Jin Liqun, chairman of sovereign wealth fund China Investment Corp., made clear in London last month that CIC wouldn't offer handouts. "The $3 trillion in reserves are the fruits of the hard work of the Chinese people," he said. "We're willing to work with those European countries in distress for a better solution. But...we have to be accountable to the people."..............................................Full Article: Source
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