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8/30/12

China’s Wen wants action on Europe debt - by Joe Macdonald

Expressing alarm at Europe’s debt problems, Chinese Premier Wen Jiabao called on Greece, Spain and Italy to embrace budget cuts and get their finances in order after meeting Thursday with visiting German Chancellor Angela Merkel.

Mr. Wen said Beijing is willing to keep buying European bonds but gave no sign Beijing will bail out the euro zone.

Read more: China’s Wen wants action on Europe debt - The Globe and Mail

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