China backs away from the Euro poker table

From Reuters:

"China would be interested in buying into a Eurobond backed by core euro zone countries and considers investment in bonds issued by heavily indebted European countries unrealistic, a senior official with China's $480 billion sovereign wealth fund said. Jin Liqun, chairman of the supervisory board of the China Investment Corporation (CIC), said until fundamental problems of fiscal, social and monetary policies in euro zone countries burdened by debt are solved, there could be no investment."

Spain withdraws contaminated toothpaste of Chinese origin

europa.eu

The European Commission today confirmed reception of a formal notification from the Spanish Authorities relating to a decision to withdraw from the Spanish market two brands of toothpaste of Chinese origin because of a risk to public health. The formal notification is part of the EU wide Rapid Alert System for non-food dangerous products (RAPEX), that alerts and co-ordinates an EU wide response to dangerous consumer goods found in the Single Market. The notification relates to two brands of toothpaste: Spearmint and Trileaf Spearmint. Spanish laboratory tests have detected the presence of DEG (diethylene glycol) a substance used in antifreeze and as a solvent. The measures adopted are compulsory – a withdrawal from the Spanish Market.