Tags: Economic- Crisis | Trump | economy | chinese | europe

Trump: Chinese Seeking Foothold in European Economy

Friday, 28 Oct 2011 04:04 AM

By Hiram Reisner

Donald Trump says the Chinese are “cozying up” to the Europeans in order to help with their debt crisis and gain a foothold in the continent’s economy — much as the Asian communist giant did in the United States. The real estate mogul also told Fox News’ Neal Cavuto America’s “stupid policies” have given the Chinese a European opportunity.
“They have plenty of money thanks to us and our stupid policies and our terrible negotiators, so China is sitting there with trillions and trillions of dollars,” Trump said. “It’s peanuts for them, as you know. It’s peanuts — it’s irrelevant to them.

“And they are doing it to try and get into the European situation and obviously do what they are doing to us — to Europe — and they will probably be successful,” he said about China considering buying European debt. “Very smart — very good negotiators. They have their smartest people negotiating and we don’t — it’s a big difference.”

Trump noted, however, the Chinese “cozying up” to the Europeans and helping deal with the Greece crisis — where overwhelming debt has caused worries of the nation’s default — could be to America’s benefit.

“They cozied up to the Germans and I frankly as far as that is concerned, I am very happy about it — I am glad they worked out a deal,” Trump said. “I don’t know how long-lasting it’s going to be — I think at some point the Germans will get a little bit tired of taking care of the Greek problems. But right now it is good for us and whatever is good for us, I am happy about.

“I think it is very hard for the Germans to really do this and to take this, but they seem to be and they want to keep the euro — don’t forget the euro was established in order to take advantage of the United States, and in order to hurt us,” he said. “So all these countries get together and they thought this would be a power play against the United States. Now, maybe it is a power play against others like maybe the Chinese, but they really did this not for our benefit, so, when I watch what is happening it is sort of interesting.

“And some of the countries — like, as an example, I watched England where the prime minister was saying, how lucky they were that they didn’t get interest that mess,” Trump continued.” It is true — they gave up their currencies — they went into the euro. And if Greece had its own currency, it probably could have been worked its way out a lot better than this. It’s a very interesting situation to watch — but it wasn`t done for our advantage.”

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