The Phaserl


EU allies defy US to join China-led Asian Bank

from The BRICS Post:

The new China-led Asian investment bank, a potential rival to institutions such as the Asian Development Bank and the World Bank, has enlisted more US allies as members after Britain decided to join last week.

The membership of the Asian Infrastructure Investment Bank (AIIB) is set to expand further, with three more European countries following Britain’s lead.

France, Germany and Italy have defied US instructions not to participate in the Bank, said UK daily, The Financial Times.

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