kirkydu (95.50)

China advocates Europe borrow in Renminbi

October 31, 2011 – Comments (2)

Advocates.  Advocates?

I think this is about how it went down:

Europe: "Hi, China, this is Europe calling."

China: "How are you Europe.  We were wondering if you would call."

Europe: "Yeah, well you know how it is.  Anyway, we were wondering..."

China: "Yessss?"

Europe: "Well, could you loan us a few hundred billion Euro?"

China: "A few hundred billion Euro?!?  Wow, that's a lot of money.  What are you guys doing, throwing a party?"

Europe: "Well, no, ahhh, ummm, no, not a party, what we need it for, is umm, well..."

China: "OK, OK, we will give you the money, stop stuttering."

Europe: "Really?"

China: "Sure, we like you guys.  But there is one little condition.  We are sure you will not mind."

Europe: "OK, what is it, we are sure we will not mind either."

China: "Well, we are going to hold onto our Euro."

Europe: "But you just said you would loan us the money?"

China: "Oh, we will.  But in Renminbi.  That is no problem is it?"

Europe: "Ummmmm, oh, somebody else needs to use the phone.  We will call right back."

http://www.marketwatch.com/story/china-advocates-europe-borrow-in-renminbi-2011-10-31?link=MW_story_investinginsight