France & Germany Confirm Joining China’s (AIIB) Bank ~ A Rival To US-led Rothschild World Bank.

Political Vel Craft

China's President Xi Jinping (3rd R) meets with the guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing China’s President Xi Jinping (3rd R) meets with the guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing

Europeans defy US to join China-led bank:

The finance ministries of France and Germany have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB), and Italy is expected to soon. Joining the rival to the US-led World Bank is seen as a setback for the Obama administration.

“The Ministry of Finance confirmed that France would join the AIIB bank,” French daily Le Figaro reported Tuesday.

Germany’s finance ministry said it was joining the bank, the BBC says, although Italy has yet to confirm the earlier report by the Financial Times (FT).

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