Chinese Bailout

2011-11-04

Download 11

This is Frank Gaffney with the Secure Freedom Minute. Europe is panicking. Greece is in a financial free fall. Italy and Spain may be next. And Germany, the economic engine of the European Union, has neither the money nor the will to continue to bail out such spendthrifts. The conventional wisdom proposes to solve this crisis by having Communist China ride to the rescue. While the People’s Republic still wants to be treated as a developing country, it has huge hard currency reserves that could underwrite a bail-out.

This is Frank Gaffney with the Secure Freedom Minute.

Europe is panicking. Greece is in a financial free fall. Italy and Spain may be next. And Germany, the economic engine of the European Union, has neither the money nor the will to continue to bail out such spendthrifts.

The conventional wisdom proposes to solve this crisis by having Communist China ride to the rescue. While the People’s Republic still wants to be treated as a developing country, it has huge hard currency reserves that could underwrite a bail-out.

The question occurs: At what cost? Will the Chinese insist that Europe stop opposing Beijing’s predatory trade practices? Or perhaps sell China advanced weapons that could be used against us?

Make no mistake: Chinese help will come with strings attached. Will they be used to strangle our European allies – or us?

This is Frank Gaffney with the Secure Freedom Minute. Learn more at securefreedomradio.com.

Comments (3)