Europe in Crisis, Part II: China to the Rescue?

February 26, 2011 at 09:54 (Austerity, Climate Change, Crisis of Capitalism, Global Finance, Renewable Energy) (, , , , , , , , , , , , , )

With the European periphery reeling on the brink of collapse, an unlikely friend has turned up offering financial assistance to those in need. What does the sudden arrival of this mystery buyer of European debt tell us about the relative decline of Europe and the rise of Asia? Should we be worried about the loss of European hegemony, and if so, is there anything we can do to stop it?

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