Kicking Greece out of the euro zone would be tantamount to giving up Europe΄s fight against the debt crisis, which is “not an option,” China΄s state-run Xinhua News Agency said in a commentary Friday.
Such a move “would inevitably raise serious questions about the E.U.΄s ability to deal with a messy crisis and cast a shadow over the bloc΄s long-term future,” the commentary said.
Now at stake in the crisis isn΄t just the fate of peripheral E.U. countries but that of the euro zone and the region΄s common currency, it said.
“To ditch Greece at this difficult time would send a shivering message to global investors,” it said.
China has repeatedly expressed support for debt-stricken euro-zone countries but has been coy about the financial support it is willing to provide them.
(source: Dow Jones)
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