Economy World

Crisis / Euro: China is ready to replenish the Financial Stability Fund

China is ready to participate in the European Financial Stability Fund (EFSF), the main instrument to stem the debt crisis in the euro area, announced  a European diplomat at the threshold of a summit of European heads of state to Brussels on Wednesday.

“China is to” replenish the fund by creating an autonomous investment (spin-off) “, said the diplomat speaking on condition of anonymity to Western media, without specifying the volume of investment.

“Other emerging powers (Brazil, Russia, India, South Africa) have not yet indicated whether they would participate in this fund,” he added.

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