Italy is desperately looking for solutions to its debt crisis. And it may have found them in... China. Italian representatives have reportedly negotiated with the largest sovereign investment fund in the world, China Investment Corp. Italy is hoping that the Chinese will invest in Italian debt and various Italian companies (
source: FT).
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I can see it now: China eventually owning the Vatican. It would be the ultimate in ironic justice.
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Besides, we're back into the situation which caused the opium wars, China is sitting on a big pile of silver and we don't have anything they want to buy... or anything we can sell there anyhow.
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