China, Greece and the EU

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I think it’s premature to compare China’s assurances that it will buy Greek government-issued bonds when they return to the market to the Marshall Plan, as Véronique Salz-Lozac’h does. But I agree that the Chinese commitment to Greece is very significant, for two reasons. First, it represents a bridgehead for China to develop closer bilateral ties on a win-win basis with EU member states. Given the tenor of EU-China relations at the moment, as well as the size advantage that China sacrifices when dealing with the bloc as a whole, that works to China’s benefit. Keep in mind, too, that […]

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