China’s Premier Wen Jiabao said Thursday Beijing was considering getting more involved in a bailout of struggling eurozone economies, after talks with German Chancellor Angela Merkel. The German leader is in China for a three-day trip aimed at reassuring Beijing about the situation in Europe, where a sovereign debt crisis has seen a wave of credit-rating downgrades and brought Greece to the brink of bankruptcy. “China is investigating and evaluating ways, through the International Monetary Fund, to be more deeply involved in solving the European debt problem via ESM/EFSF channels,” Wen said at a press briefing held jointly with Merkel. He was referring to the European Financial Stability Facility, a temporary rescue fund that was established to help struggling economies in Europe, and the European Stability Mechanism — a newer, permanent fund.
China considering more involvement in Europe bailout: Wen
