Europe joins Chinese bank as Greek woes continue
The eager European applicants to join the China-run Asian Infrastructure Investment Bank before the March 31 deadline have certainly annoyed the United States. Erin weighs in. Eswar Prasad, senior fellow at the Brookings Institution, tells us how much the Chinese economy is slowing and explains why the US is against European countries joining AIIB. Ann Pettifor, author of ‘Just Money: How Society Can Break the Despotic Power of Finance’, 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.
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