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'Hegemony Challenged': UK joins China-led bank, US slams decision (Original Post) DeSwiss Mar 2015 OP
UK snubs US to join China-led Asian bank DeSwiss Mar 2015 #1
nothing to see, move along father founding Mar 2015 #2
I know...... DeSwiss Mar 2015 #5
RT uhnope Mar 2015 #3
K & R for RT, RT, RT, RT, kick, kick, & a great big kickety kick for exploding heads. nt mother earth Mar 2015 #4
RT DeSwiss Mar 2015 #6
 

DeSwiss

(27,137 posts)
1. UK snubs US to join China-led Asian bank
Sun Mar 15, 2015, 06:58 AM
Mar 2015
- When you can't beat 'em become a founding member of their central bank with 'em, I always say.......



UK snubs US to join China-led Asian bank
March 13, 2015, 5:25 am


Overlooking US censure, the UK has announced its decision to join China’s Asian Infrastructure Investment Bank, becoming the first “major western country” to apply for membership.

“I am delighted to announce today that the UK will be the first major Western country to become a prospective founder member of the Asian Infrastructure Investment Bank, which has already received significant support in the region,” said UK Finance Minister George Osborne on Thursday.

“Joining the AIIB at the founding stage will create an unrivalled opportunity for the UK and Asia to invest and grow together,” he added. In a landmark achievement, 21 Asian nations including China and India in October last year signed on the creation of a new infrastructure investment bank which would rival the World Bank. The new Bank has a capital target of more than $100 billion.

The governments of Bangladesh, Brunei Darussalam, Cambodia, China, India, Kazakhstan, Kuwait, Lao PDR, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Uzbekistan, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan, Vietnam signed on as founding members of the new Asia Infrastructure Investment Bank (AIIB) in Beijing.

“The UK will join discussions later this month with other founding members,” said a UK government statement on Thursday.

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DeSwiss

(27,137 posts)
6. RT
Mon Mar 16, 2015, 01:03 AM
Mar 2015

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