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America's European "Allies" Desert Obama, Join China-led Infrastructure Bank Submitted by Tyler Durden on 03/17/2015
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It appears the sea of de-dollarization has reached the shores of Europe. With *Australia and UK having already moved in the direction of joining the China-led AIIB*, The FT reports that *France, Germany, and Italy have now all agreed to join the development bank* as 'pivot to Asia' appears to be Plan B for Europe. As Greg Sheridan previously noted, "the saga of the China Bank is almost a textbook case of the failure of Obama’s foreign policy," but as The FT T concludes... more »
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