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China: Solution for European Debt? (Mobius)

byAdvisorAnalyst
June 28, 2011
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"It's not unrealistic (for China to backstop the European debt crisis); in fact it's very realistic, particularly at this time when China wants to diversify its foreign exchange holders... They have $3-trillion, and trying to put that away isn't easy, and the euro is an obvious candidate," Mark Mobius, executive chairman of Templeteon Emerging Markets Group told CNBC.

Source: CNBC

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