European officials are appealing to China to help finance their plan to ease Greece’s debt obligations and prevent its fiscal collapse, but thus far Beijing has shown a clear preference for multilateral contributions, the Wall Street Journal reported. French President Nicolas Sarkozy called Chinese leader Hu Jintao just hours after leaders from the eurozone brokered a deal to set up a eurozone rescue package; the leaders discussed efforts to ease sovereign debt in the EU and the priorities for next week’s G-20 meeting in Cannes. Meanwhile, Klaus Regling, the CEO of the European Financial Stability Facility, is heading to Beijing for a visit this weekend. But analysts said that China’s contribution is likely to come through multilateral routes. For over a month Beijing has stressed its preference for contributing through the International Monetary Fund, and in conjunction with Brazil, India and Russia.
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