The summer sales are on in Europe and buyers are desperately needed. Portugal is crying out for investors in its debt, now ‘junk' in the markets' eyes, while Greece is about to begin a fire-sale of assets.
No chequebook is bigger than China's. And while other investors have been steering clear of troubled eurozone states, China has been on a shopping spree.So are the Chinese now eyeing up the Acropolis? Could an influx of Chinese investment yet avert meltdown in Europe? And when the financial dust has settled, will the EU discover that it has sold off its chances of a serious political partnership with Beijing?
Europe's crisis is becoming China's opportunity, and while this might be good news for indebted countries, it heralds the beginning of a fundamentally different financial – and potentially political – relationship between China and Europe.
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