The Undollar Digest

Roach Says Chinese Officials ‘Appalled’ by Impasse on Raising Debt Ceiling

Paul Panckhurst 07/28/2011 www.bloomberg.com

Senior Chinese officials are “appalled” by the impasse among U.S. politicians on raising the nation’s debt ceiling to avoid a default, said Stephen Roach, non-executive chairman of Morgan Stanley Asia Ltd.
“Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw” for [...]


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