Oh, to be a fly on the wall to hear what Chinese officials want in return for saving the euro.
Yes, President Nicolas Sarkozy, we will take France’s Arc de Triomphe and the Louvre as collateral. The Mona Lisa will look grand hanging in Beijing. Toss in the Champs-Elysees and Louis Vuitton’s flagship store and we’ll consider swapping more of our $3.2 trillion of reserves for your bonds.
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