AIIB 800 WORLD TRUST ACCOUNT: [318] Europe joins Chinese bank as Greek woes continue
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Published on Mar 24, 2015
Over the past couple weeks, large western countries led by the United Kingdom have rushed to join the China-run Asian Infrastructure Investment Bank. March 31st is the deadline for founding members and at least 35 countries, most of them in Asia, have joined. Germany, France, and Italy have followed Britain in saying that they would also join the bank. The eager European applicants have certainly annoyed the United States. Erin weighs in.
Then, Erin is joined by Eswar Prasad – professor at Cornell University and senior fellow at the Brookings Institution. Eswar tells us how much the Chinese economy is slowing and explains why the US is against European countries joining AIIB. His overall view is that China can hit its 7.0% 2015 GDP growth target but the question is what kind of economic policy mix gets them there. China is trying to move away from manufacturing and this is a significant difference from a few years ago.
After the break, Erin sits down with Ann Pettifor – director of PRIME Economics and author of “Just Money: How Society Can Break the Despotic Power of Finance.” Ann tells us how much political constraints in Greece, Germany, and elsewhere play into whether we get an equitable outcome in Greek debt negotiations and gives us her take on how Europe is doing economically.
And in The Big Deal, Erin and Edward discuss recent numbers out of the Eurozone and China. The numbers were generally upbeat in Europe but they were weak in China.
Take a look!
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Then, Erin is joined by Eswar Prasad – professor at Cornell University and senior fellow at the Brookings Institution. Eswar tells us how much the Chinese economy is slowing and explains why the US is against European countries joining AIIB. His overall view is that China can hit its 7.0% 2015 GDP growth target but the question is what kind of economic policy mix gets them there. China is trying to move away from manufacturing and this is a significant difference from a few years ago.
After the break, Erin sits down with Ann Pettifor – director of PRIME Economics and author of “Just Money: How Society Can Break the Despotic Power of Finance.” Ann tells us how much political constraints in Greece, Germany, and elsewhere play into whether we get an equitable outcome in Greek debt negotiations and gives us her take on how Europe is doing economically.
And in The Big Deal, Erin and Edward discuss recent numbers out of the Eurozone and China. The numbers were generally upbeat in Europe but they were weak in China.
Take a look!
Check us out on Facebook -- and feel free to ask us questions:
http://www.facebook.com/BoomBustRT
http://www.facebook.com/harrison.writ...
http://www.facebook.com/erinade2020
Follow us @
http://twitter.com/ErinAde
http://twitter.com/edwardnh
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