‘France, Germany, Italy to join China-led development bank’: report

We’re watching America being abandoned by a German-led Europe in real time.

 

European officials tell the Financial Times their countries will join the institution, ignoring reservations expressed by the United States about how the new lender will be run

France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank, a major setback for Washington, the Financial Times reported.

The state-run Xinhua news agency in China said South Korea, Switzerland and Luxembourg were also considering joining. Continue reading