We’re not talking about Barack Obama, but rather Chinese Premier Wen Jiabao. He spoke at the World Economic Forum in China moments ago, saying:
- “China believes that Europe will be able to resolve its problems.”
- “European countries are facing sovereign debt problems. We’ve said countless times China is willing to give a helping hand, and we’ll continue to invest there.”
The comments are quite positive for EUR, especially. In return, it sounded like he wanted Europe to upgrade China’s trade status to “market economy” which would lower the risk of anti-dumping tariffs… money talks.