Germany is owed a Trillion by the southern EU countries which it knows it will never get back, I used to be of the opinion that the eurozone would probably survive, Germany needs it to survive, by jettisoning the southern eu countries.
Loads of countries owe lots. Interest rates have been adjusted to suite. Eg ours are still affordable. maybe more than they were. Personally I feel their would be a lot to gain by writing it all off but trying to get many countries to agree would probably be very difficult. War debt was handled by very long pay off periods.
What's new. They are always nervous about something or the other - according to some. Fact the only places with any real money are all in the EastForeign investors are becoming nervous about the euro because it's not a nation state currency, and the realisation that the whole project is propped up by an insolvent bank buying the bonds of an insolvent government.
Good grief so well informed. It's down to a side effect relating to keynesian economics. It's loosely goes don't worry about imports as the exporter will get more and more money and will need to invest it and will do so in their export areas. They are. An example from the past when Japan was doing it - an american friend was disgusted that a jap owned his favourite baseball team. Sounds familiar? Buildings and all sorts come into it. There is talk of a China state owned company buying one of our chains that have gone bust. One already owns MG. Maybe football clubs at some point. A little snippet for youMaybe that's why they had to sign the investment pact with China.
In July 2020, China's foreign exchange reserves totalled US$3.15 trillion, which is the highest foreign exchange reserves of any other nation.
The UK has some too and for some reason it's been increasing. Also increasing
European Union Foreign Exchange Reserves was measured at 315.7 USD bn in Dec 2020