Giving an interview on CNN economist Rob Wood from ‘Berenberg Economics’ discussed whether China might be interested in offering financial assistance to Greece. As he said, Beijing’s interest does not go hand in hand with a regional problem. In particular his answer was: ‘Then there’s China. China has invested heavily in Greece’s ports and has other trade ties with the country. It also has substantial foreign reserves of around $4 trillion, which could easily wipe out the loans Europe has issued to Greece. But there’s no obvious advantage to China stepping into a regional problem.Would China really want to wade into the middle of the eurozone in an antagonistic way? For Russia there’s upside in destabilizing their opponent, but for China, I can’t see any upside, politically or economically.’
