With Italy following Greece and Portugal into the quagmire of debt crisis, the fact that China is now being touted as their saviour makes it an interesting little situation. However, reading European press, the most bizarre thing that I found was that the Europeans wanted to dictate how China should proceed in trying to bail out Europe. This clamour has also been echoed by United States of America that is not being able to swallow the pill that China is now the top dog in the global economic matters. Europeans are in a mess and it seems as if only China can help, they should let the global dynamics do the talking if they want to escape the situation.
Bilal Sheikh
Lahore
