China has promised to invest several billion USD in Europe's new “infrastructure fund,” at a summit in Brussels on June 29, according to reports by Reuters.
Despite a specific monetary amount not having been publicized, this investment is slated to be a big step for China in its use of checkbook diplomacy for greater influence.
This draft’s announcement states the agreement will be settled on the behalf of a final meeting to be held in July. In turn, China hopes that its “One Road, One Belt” policy will receive more investment.
Reuters stated that China’s heavy investment may bring about increased suspicion toward China’s unequal control of the funds, an aspect of which Europe currently has strict laws about.
At the same time, inviting China to join the EU’s fund could also create friction with the U.S since Washington is concerned about Beijing’s increasing global influence.
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Keywords: E.U. influence infrastructure investment
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The last couple GOT episodes had some good ideas on how to deal with those traitors in Brussels eventually.
Jun 19, 2015 13:49 Report Abuse
Worst idea ever, they tried it already in Poland: http://www.voxeurop.eu/en/content/article/716731-motorway-china-couldnt-build
Jun 19, 2015 13:02 Report Abuse
Well, I'll leave the armchair politics to others. The article's a little sparse on details
Jun 19, 2015 05:56 Report Abuse
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