EU provides framework for hope

Nobody seems to remember Greece anymore. An aid package of EUR 86 bln has made it possible to erase the Greek problem from global investors’ map of risks. However, a new threat has emerged, which was forecast by the declines this year: the slowdown of the Chinese economy. And this is a truly global problem, because the second largest economy of the world, and certainly out of the largest economies the one growing the most dynamically, can seriously upset the balance of the financial markets. Examples of this could be seen in the last week of August, when the Chinese government reacted to the situation on the Asian stock exchanges by devaluing the yuan, which did not help much. The sell-off continued as before and it was only after a few days that people got themselves together enough to point out that firstly, the state of this economy is better than during the 2008 crisis, and secondly, that the Chinese government is capable of stimulating the