US Plays Down European Crisis but China Worried

The United States suggested Europe’s debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too….

“The euro zone problems haven’t been cleaned up yet,” said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo. “And even though the global economy is definitely showing more signs of recovery than it did 6 months ago, worry continues that the euro zone’s woes will put a brake on this growth.”

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, Asia, China, Economy, Europe, Globalization, Office of the President, Politics in General, President Barack Obama, The U.S. Government, Treasury Secretary Timothy Geithner