China urges more "decisive action" on euro crisis

Posted on 6/11/2012 by staffwriter

By Lucy Hornby

BEIJING |
Mon Jun 11, 2012 3:57am EDT

BEIJING (Reuters) – China said the euro zone finance ministers’ decision to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks was a welcome short-term fix, but urged the bloc to take more decisive action to safeguard longer term stability.

A bailout for Spain’s banks, beset by bad debts since a property bubble burst, would

Article source: http://www.reuters.com/article/2012/06/11/us-china-europe-crisis-idUSBRE85A09I20120611