It was rather an eventful week despite the absence of major central bank meeting. Germany’s Chancellor Angela Merkel started her 3-day trip in China, meeting leaders of the world’s second largest economy for discussions on resolution of the Eurozone sovereign debt crisis, Iranian and Syrian issues, and rare earth restriction. Chinese Premier Wen Jiabao stressed that solving the European debt crisis is ‘urgent’ and China is ‘considering more participation’ in the European Financial Stability Facility (EFSF) and the European Stabilization Mechanism (ESM).
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Weekly Fundamentals – Germany Calls China for Investing in Eurozone, Influencing Iran
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