Fully Understood! We are on similar wavelength here.

In the bigger picture - good for European progression that we can sort out our own internal affairs …….. and that Germany has maintained sufficient nous and capital to enable us to do so.

What I meant was that if China was going to start (and it seems now like they are not) spending money on Greek debt then they could end up in a situation when they would have to keep buying it in order to keep the country afloat. Good money after bad to stop the whole lot going south.

There would be some political concerns with Greece falling into China’s sphere of influence (in the Barry Buzan sense), but from a purely economic position, where the money comes from doesn’t matter to the Greeks.

And certainly not to me.

What’s the problem with Chinese cash? For Greece or elsewhere?

Personally, I would welcome Chinese investment here - China has capital - and at the mo Ireland needs CAPITAL …….. thousand welcomes and open doors.

Today’s Update New York Times
Europe Lays Plans for How to Bail Out Greece

http://www.nytimes.com/2010/01/29/business/global/29bailout.html?8au&emc=au

Europe’s responsibility to mind its own house ……..