As Europe’s leaders struggle toward a solution to its debt crisis, hopes are growing that cash-rich China will take a major role in a rescue — expectations that are likely to be dashed.
French President Nicolas Sarkozy and his Chinese counterpart, Hu Jintao talked Thursday by phone and pledged to cooperate to revive global growth but there was no word on whether Beijing might contribute to Europe’s bailout fund.
via Europe Looks to China for Possible Bailout Help – ABC News.
