26/01/2012 (Agence Europe) - Debt crisis - EU rescue by China is “media fluff” according to Pascal Lamy. Discussion on Europe's financial rescue by China, which holds the largest foreign currency reserves close to $3,200 billion (€2,430 billion), is no more than “media fluff”, WTO Director General Pascal Lamy said on Thursday 25 January, when attending the World Economic Forum in Davos. Lamy went on to say: “I don't believe for one second that there would be negotiations between the Chinese government and the Europeans saying 'we will buy your debt if you do this or if you do that'. They don't even do that with the US, they buy US debt without condition. So I don't believe that”. (EH/transl.jl)