Praise for helping European economy

EU foreign policy chief thanks China for buying sovereign bonds

BUDAPEST - The European Union's foreign policy chief Catherine Ashton thanked China for its "continued involvement" in European sovereign bond markets, saying the confidence displayed by Beijing gave countries room to carry out economic reform.

"The EU gratefully acknowledges continued Chinese involvement in European sovereign bond markets during the recent and quite turbulent period," Ashton said. "Investor confidence is a key condition for macro policy and reforms to succeed in any circumstances and certainly now."