Recently, comments made by the Chinese Premier Wen Jiabao and Zhou Xiaochuan, the governor of the People’s Bank of China (PBOC), signaled a new willingness to become more deeply involved in the European Union’s debt crisis, with an aim to helping resolve it. That financial assistance was a long time in coming; over the past several months the E.U.’s leadership has been regularly calling on Beijing. In spite of the current problems with Greece, which aren’t a confidence builder by any means, persistence apparently does pay off, as E.U. President Herman Van Rompuy will no doubt attest. Read more
