Moody’s is warning that every EU country having the euro as its currency may see its credit rating downgraded if a solution to the Eurozone debt crisis cannot be found. China, which previously declined to help the EU by buying additional bonds, is eyeing investments in European infrastructure such as railways and factories. European countries are desperate for cash, so the Chinese may be able to pick up some bargain items during the debt crisis.
Meanwhile, some analysts believe that the only hope for Europe is a bailout by the Federal Reserve.
In other news, Germany has called for direct peace talks with the Taliban in Afghanistan.
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