China says euro zone has ability to resolve debt crisis

By Reuters

Jun 29, 2015 08:04 AM EDT

The image is a montage of flags of the Euro Zone, which is still reeling from the effects of the Cyprus bailout. (Photo : Reuters)

China's Foreign Ministry said on Monday that the euro zone has the wisdom and ability to resolve the Greek debt crisis, after Athens failed to strike a deal with its lenders, taking it a step closer to a default that could force its exit from the euro zone.

China would rather see Greece remain in the euro zone, Ministry spokeswoman Hua Chunying told reporters at a daily news briefing.

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