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Friday, 28 October 2011

We have principles; if you don't like them we have others

According to press reports, China may contribute to the eurozone’s bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, according two senior advisers to the Chinese government. Any Chinese support would depend on contributions from other countries and Beijing must be given strong guarantees on the safety of its investment, according to Li Daokui, an academic member of China’s central bank monetary policy committee, and Yu Yongding, a former member of that committee. He added that Beijing might also ask European leaders to refrain from criticising China’s currency policy, a frequent source of tension with trade partners.

So there you have it. To bail out the cradle of democracy, Western leaders are being asked to turn a blind eye to human rights abuses.  The ancient Greeks had a word for that: eironeia.

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