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Ambrose Evans-Pritchard–China states its price for Italian rescue

Posted on September 14, 2011 by Kendall Harmon

Premier Wen Jiabao said his country and will play its part to “prevent the further spread of the sovereign debt crisis,” but warned that China will not sign a blank cheque for states that have failed to carry out full reform.

“Countries must first put their own houses in order,” he told the World Economic Forum in Dalian.

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Asia, China, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Italy, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--