Europe is the largest economy in the world, the problem is some countries spent more than they can make, and used to borrow more and more money from the northern EU and Germany, and will not payback, that's the problem. No body in the EU like to lend the money again, reluctant is the problem, not the shortage of liquidity, they prefer spend money to hunt down the Libya's Kaddafi, so that's why Mr Hu told them that they can solve the problem by themselves. If India says they like to help, only a bluff of a hardened player. The Indian government is also in deficit, spends more than they make, please thinking about the fighter airplanes buying, the very expensive submarine purchase planning, carrier from Russia, and the indigenous one, and the artillery biding which lasted many years but no money to implement. The USA after two wars also in deficit, China's revenue this year will be around RMB10 trillion, about USD1.6 trillion, also China with a little foreign exchange reserve, the shameless EU have their eyes on China.
