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	Comments on: The finance minister of a Eurozone countryseeks to promote China&#8217;s currency &#8211; and doesn&#8217;t notice anything wrong with that	</title>
	<atom:link href="https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/feed/" rel="self" type="application/rss+xml" />
	<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Wed, 23 Oct 2013 21:18:38 +0000</lastBuildDate>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327739</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 21:18:38 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327739</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327256&quot;&gt;La Redoute&lt;/a&gt;.

It&#039;s a copy. How ironic.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327256">La Redoute</a>.</p>
<p>It&#8217;s a copy. How ironic.</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327738</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 21:16:52 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327738</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327603&quot;&gt;Gavin Attard&lt;/a&gt;.

Yes of course, Gavin, because China has cutting edge nuclear technology. 

I believe tested somewhere in Siberia in the early sixties.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327603">Gavin Attard</a>.</p>
<p>Yes of course, Gavin, because China has cutting edge nuclear technology. </p>
<p>I believe tested somewhere in Siberia in the early sixties.</p>
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		<title>
		By: Gavin Attard		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327603</link>

		<dc:creator><![CDATA[Gavin Attard]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 17:52:26 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327603</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327402&quot;&gt;Gavin Attard&lt;/a&gt;.

Not so sure D, you may want to check again. 

Osborne was in china making all sorts of overtures. 
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10381311/Osborne-aims-to-make-London-renminbi-hub.html

There is also an FT article but I am not registered with them so couldn&#039;t share. 

Similarly, china is investing in nuclear power in the UK also.

&lt;strong&gt;[Daphne - My post is about the wisdom of a Eurozone finance minister saying that he wishes to act to strengthen the Chinese currency, the euro&#039;s competitor. It is not about making overtures to China, but if you wish to talk about that, I suggest you read the welter of criticism of both China&#039;s investment in Britain&#039;s nuclear power and of Osborne&#039;s moves, in the London newspapers.]&lt;/strong&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327402">Gavin Attard</a>.</p>
<p>Not so sure D, you may want to check again. </p>
<p>Osborne was in china making all sorts of overtures.<br />
<a href="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10381311/Osborne-aims-to-make-London-renminbi-hub.html" rel="nofollow ugc">http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10381311/Osborne-aims-to-make-London-renminbi-hub.html</a></p>
<p>There is also an FT article but I am not registered with them so couldn&#8217;t share. </p>
<p>Similarly, china is investing in nuclear power in the UK also.</p>
<p><strong>[Daphne &#8211; My post is about the wisdom of a Eurozone finance minister saying that he wishes to act to strengthen the Chinese currency, the euro&#8217;s competitor. It is not about making overtures to China, but if you wish to talk about that, I suggest you read the welter of criticism of both China&#8217;s investment in Britain&#8217;s nuclear power and of Osborne&#8217;s moves, in the London newspapers.]</strong></p>
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		<title>
		By: stef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327428</link>

		<dc:creator><![CDATA[stef]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 13:48:31 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327428</guid>

					<description><![CDATA[NET NEWS...GO FOR IT!]]></description>
			<content:encoded><![CDATA[<p>NET NEWS&#8230;GO FOR IT!</p>
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		<title>
		By: Gavin Attard		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327402</link>

		<dc:creator><![CDATA[Gavin Attard]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 13:22:58 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327402</guid>

					<description><![CDATA[The UK government is attempting to do the same thing if i am not mistaken.

&lt;strong&gt;[Daphne - Yes, you are mistaken. Sorely so.]&lt;/strong&gt;
]]></description>
			<content:encoded><![CDATA[<p>The UK government is attempting to do the same thing if i am not mistaken.</p>
<p><strong>[Daphne &#8211; Yes, you are mistaken. Sorely so.]</strong></p>
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		<title>
		By: Maltese Peasant		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327312</link>

		<dc:creator><![CDATA[Maltese Peasant]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 11:40:14 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327312</guid>

					<description><![CDATA[Just in case you didn&#039;t notice, though most probably you did and decided to leave concealed from your unaware fans:
http://uk.reuters.com/article/2013/10/15/uk-china-uk-rqfii-idUKBRE99E06Y20131015

&lt;strong&gt;[Daphne - 1. Britain is not in the Eurozone but firmly against the euro. 2. The Chancellor of the Exchequer does not speak about his desire to strengthen China&#039;s currency. 3. The &#039;its latest move&#039; in the second para refers to China, not Britain.]&lt;/strong&gt;

And by the way, though all Europeans would face problems when buying Chinese products should the EUR devalue against the Renminbi, such a thing would still benefit the Eurozone economies as a whole given that their exports would become cheaper compared to Chinese products. A strengthening Renminbi would cause Chinese exports to become less competitive compared to European ones. 

Finally the EUR is already in direct competition with the Renminbi as it is with the USD, and that competition will only get more fierce as China takes more steps to remove its strict control over its currency as well as its economy grows.]]></description>
			<content:encoded><![CDATA[<p>Just in case you didn&#8217;t notice, though most probably you did and decided to leave concealed from your unaware fans:<br />
<a href="http://uk.reuters.com/article/2013/10/15/uk-china-uk-rqfii-idUKBRE99E06Y20131015" rel="nofollow ugc">http://uk.reuters.com/article/2013/10/15/uk-china-uk-rqfii-idUKBRE99E06Y20131015</a></p>
<p><strong>[Daphne &#8211; 1. Britain is not in the Eurozone but firmly against the euro. 2. The Chancellor of the Exchequer does not speak about his desire to strengthen China&#8217;s currency. 3. The &#8216;its latest move&#8217; in the second para refers to China, not Britain.]</strong></p>
<p>And by the way, though all Europeans would face problems when buying Chinese products should the EUR devalue against the Renminbi, such a thing would still benefit the Eurozone economies as a whole given that their exports would become cheaper compared to Chinese products. A strengthening Renminbi would cause Chinese exports to become less competitive compared to European ones. </p>
<p>Finally the EUR is already in direct competition with the Renminbi as it is with the USD, and that competition will only get more fierce as China takes more steps to remove its strict control over its currency as well as its economy grows.</p>
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		<title>
		By: La Redoute		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327256</link>

		<dc:creator><![CDATA[La Redoute]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 10:48:34 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327256</guid>

					<description><![CDATA[And look who&#039;s on the Renminbi notes:

http://upload.wikimedia.org/wikipedia/en/2/22/Renminbi_banknotes.JPG]]></description>
			<content:encoded><![CDATA[<p>And look who&#8217;s on the Renminbi notes:</p>
<p><a href="http://upload.wikimedia.org/wikipedia/en/2/22/Renminbi_banknotes.JPG" rel="nofollow ugc">http://upload.wikimedia.org/wikipedia/en/2/22/Renminbi_banknotes.JPG</a></p>
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		<title>
		By: Conservative		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327227</link>

		<dc:creator><![CDATA[Conservative]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 10:10:51 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327227</guid>

					<description><![CDATA[This monsignor has already had problems of obedience within the Catholic Church, having come head to head with the Bishop of Gozo at the time, Mgr Cauchi, on the holding (or otherwise) of a Good Friday Procession in Victoria.

He made a rather vitriolic attack on the Bishop when he was Cathedral Archpriest.

The so-called &quot;order&quot; that he has been made Grand Prior of is an interesting one that calls itself &quot;United Grand Priories of the Hospitaller Order of St. Lazarus of Jerusalem&quot;.  This is not a recognised branch of the various Orders of St. Lazarus, which are the Orleans Branch (under the protection of HRH the Count of Paris), the Seville Branch (under the Grand Magistracy of HE Don Carlos Gereda de Borbon, Marques de Almazan) and the Order of St. Maurice and St. Lazarus under the magistracy of the Royal House of Savoy.

A number of disaffected members seceded from the Seville Branch following the union of two previously separate Orders (the obedience of Paris and the obedience of Malta) and set up their own - as you do!  The &quot;United Grand Priories&quot; (what a sham) have no legitimate fons and jus honorum and can be safely called a &quot;non-recognised order&quot;.  

The Very Reverend Monsignor (who calls himself a &quot;Dr&quot; because he holds a PhD) is again disobeying the catholic church&#039;s orders by taking over the command of an &quot;order&quot; that does not have the recognition of the Holy See.

False orders are in existence to allow their members to pin scraps of metal to their coats and to help an otherwise injured ego.  They are pathetic and do no good other than cause strife and create titles by the handful every minute - which of course are not worth the paper they are written on.

It is most deplorable that this senior clergyman aligns himself to such a set-up.]]></description>
			<content:encoded><![CDATA[<p>This monsignor has already had problems of obedience within the Catholic Church, having come head to head with the Bishop of Gozo at the time, Mgr Cauchi, on the holding (or otherwise) of a Good Friday Procession in Victoria.</p>
<p>He made a rather vitriolic attack on the Bishop when he was Cathedral Archpriest.</p>
<p>The so-called &#8220;order&#8221; that he has been made Grand Prior of is an interesting one that calls itself &#8220;United Grand Priories of the Hospitaller Order of St. Lazarus of Jerusalem&#8221;.  This is not a recognised branch of the various Orders of St. Lazarus, which are the Orleans Branch (under the protection of HRH the Count of Paris), the Seville Branch (under the Grand Magistracy of HE Don Carlos Gereda de Borbon, Marques de Almazan) and the Order of St. Maurice and St. Lazarus under the magistracy of the Royal House of Savoy.</p>
<p>A number of disaffected members seceded from the Seville Branch following the union of two previously separate Orders (the obedience of Paris and the obedience of Malta) and set up their own &#8211; as you do!  The &#8220;United Grand Priories&#8221; (what a sham) have no legitimate fons and jus honorum and can be safely called a &#8220;non-recognised order&#8221;.  </p>
<p>The Very Reverend Monsignor (who calls himself a &#8220;Dr&#8221; because he holds a PhD) is again disobeying the catholic church&#8217;s orders by taking over the command of an &#8220;order&#8221; that does not have the recognition of the Holy See.</p>
<p>False orders are in existence to allow their members to pin scraps of metal to their coats and to help an otherwise injured ego.  They are pathetic and do no good other than cause strife and create titles by the handful every minute &#8211; which of course are not worth the paper they are written on.</p>
<p>It is most deplorable that this senior clergyman aligns himself to such a set-up.</p>
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		<title>
		By: Paul Borg		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327208</link>

		<dc:creator><![CDATA[Paul Borg]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 09:56:07 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327208</guid>

					<description><![CDATA[Kollox China issa....we received this from the University of Malta FEMA:


Seminar Title 1: &#039;Marketing Opportunities and the Chinese Economy&#039;
 Speaker: Prof. Yan Chen, Professor of Economic, Xiamen University, P.R. China
 
Seminar Title 2: &#039;China and the Mediterranean: Some observations on the evolving relations with Malta&#039;
 Speaker: Dr. Philip Von Brockdorff, Head of the Department of Economics
 
Time: 12.30 - 14.00hrs
 Venue: FEMA Seminar Room 420, 4th Floor, FEMA Building]]></description>
			<content:encoded><![CDATA[<p>Kollox China issa&#8230;.we received this from the University of Malta FEMA:</p>
<p>Seminar Title 1: &#8216;Marketing Opportunities and the Chinese Economy&#8217;<br />
 Speaker: Prof. Yan Chen, Professor of Economic, Xiamen University, P.R. China</p>
<p>Seminar Title 2: &#8216;China and the Mediterranean: Some observations on the evolving relations with Malta&#8217;<br />
 Speaker: Dr. Philip Von Brockdorff, Head of the Department of Economics</p>
<p>Time: 12.30 &#8211; 14.00hrs<br />
 Venue: FEMA Seminar Room 420, 4th Floor, FEMA Building</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/the-finance-minister-of-a-eurozone-countryseeks-to-promote-chinas-currency-and-doesnt-notice-anything-wrong-with-that/#comment-1327198</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Wed, 23 Oct 2013 09:48:20 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=39219#comment-1327198</guid>

					<description><![CDATA[Meta qatt il-Labour kien lejali lejn dal-pajjiz? Hawwadni ha nifhmek. 

http://www.independent.com.mt/articles/2013-10-23/news/draft-budget-suggests-15m-not-30m-from-citizenship-scheme-2968354817/

Basta qaghad ibasbas b&#039;tletin miljun.]]></description>
			<content:encoded><![CDATA[<p>Meta qatt il-Labour kien lejali lejn dal-pajjiz? Hawwadni ha nifhmek. </p>
<p><a href="http://www.independent.com.mt/articles/2013-10-23/news/draft-budget-suggests-15m-not-30m-from-citizenship-scheme-2968354817/" rel="nofollow ugc">http://www.independent.com.mt/articles/2013-10-23/news/draft-budget-suggests-15m-not-30m-from-citizenship-scheme-2968354817/</a></p>
<p>Basta qaghad ibasbas b&#8217;tletin miljun.</p>
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