G20: Europe caught in the middle between China and the U.S.


The battle started between U.S. and Chinese exchange risk to casualties, especially among European countries. Economic analysts predict that the G20 summit that opens today in Seoul, may turn into a battleground for war exchange.

While the American Federal Reserve (FED) has decided to inject 600 billion dollars to finance the economy
China criticizes the decision which says that the massive infusion of cash dollar depreciates. Under the chairmanship of French President Nicolas Sarkozy, the battle will take place in exchange rates between the two giants: the U.S. and China.

Experts fear lest the European Union to be crushed in the middle. Latest decisions of major global economic players show, experts say, that there is no sign of solidarity caused by the global crisis.

Short URL: http://newskf.com/?p=1864

Posted by M.P.Bogdan on Nov 11 2010. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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