Sharp spike there up to 1.3193 on comments from Chinese PM Wen:
- China considering greater involvement in EFSF and ESM stabilization funds
- “Urgent” to solve European debt crisis
- Supports Europe’s efforts to stabilize the Euro
- China continuing to research on how to participate in EFSF and ESM
- Europe must rely on itself to reduce debt load and introduce structural reforms
- Iran problem is complex and sensitive
- Sanctions won’t solve Iran nuclear issue, supports further discussion between Iran and international organizations
- Does NOT support Middle Eastern nations developing nuclear weapons, supports dialogue
The Chinese premier was speaking alongside Germany’s Merkel in Beijing
