Comment on "Safety-first approach to aid"(China Daily, Dec 20)

China needs to know how bonds, be they in euros or US dollars, are financed. These bonds cannot be used to bail out their troubled firms.

Greedy and incompetent executives lead these firms. And these firms, their leaders and executives must be held responsible for their past mistakes and actions. If EU or US bail them out, their problems will worsen in coming years.

Huaren Malays, on China Daily website

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(China Daily 01/04/2012 page9)