Debt Crisis

Premier Wen offers helping hand to Europe

(Agencies)
Updated: 2011-06-28 20:33

BERLIN - Premier Wen Jiabao said on Tuesday his country would extend a helping hand to Europe and had faith in the region's economy and in the single currency.

The euro zone's debt problems showed the global economy was still in a state of uncertainty, and inflation was now a worldwide problem rather than one restricted to single countries, he told a joint press conference with Chancellor Angela Merkel during an official visit to Germany.

China would buy appropriate levels of debt issued by euro zone countries if needed, he said.

It would also continue to press for reforms to the global financial system.

China has a "massive" interest in a stable euro, Merkel earlier told the same conference.