ATHENS, GREECE: Chinese Premier vowed Saturday to double trade with Greece within five years, and to buy Greek bonds when the crisis-hit country returns to international markets.
Wen started a weeklong tour of European countries in Athens, heading a delegation that signed 11 private business deals and two state cooperation agreements for trade and cultural affairs.
``When Greece is in trouble, China will help _ that's when real friendship matters,'' Wen said after meeting Prime Minister . .
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Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Showing posts with label Greek Debt. Show all posts
Showing posts with label Greek Debt. Show all posts
Monday, October 4, 2010
China offers to buy Greek debt
China has offered to buy Greek government bonds, in a show of support for the country whose debt burden pushed the euro zone into a financial crisis.
Wen Jiabao, the Chinese prime minister, made the offer before Greece's parliament on Saturday at the start of a two-day visit to the country.
But his offer has also called into question China's own financial policies.
Wen Jiabao, the Chinese prime minister, made the offer before Greece's parliament on Saturday at the start of a two-day visit to the country.
But his offer has also called into question China's own financial policies.
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Greek Debt
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "