After the promise of G7, the EU tried to rival the ‘belt and the road’ of China with its own infrastructure plan – News2IN
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After the promise of G7, the EU tried to rival the ‘belt and the road’ of China with its own infrastructure plan

Brussels: The European Union Foreign Minister agreed on Monday to launch a global infrastructure plan that connects Europe to the world, the last step after dealing with India and Japan and the same promise as the seven groups of the richest democracy.
Suspecting the President of China, Belt and Jalan Jinping XI to connect Europe to Asia through infrastructure in an effort to have a greater influence, the EU established a formal path for an ambitious “connectivity” plan from 2022.
“We see China using the economy and finance.
Means increasing influence Politics anywhere in the world.
Melen is useless about this, we must offer alternatives, “German Foreign Minister Heiko Maas, told reporters at a meeting with EU colleagues in Brussels.
“It is important that the European Union …
coordinates them very closely with the United States,” he said.
The EU has signed partnerships with Japan and India to coordinate transportation, energy and digital projects that connect Europe and Asia.
Both Tokyo and Delhi worried about China, officials said it made poor countries look at Beijing because they were forced to take such a big debt.
Through the Development Bank, the warranty of the first decline to private companies and by offering Western government knowledge, G7, whose leaders meet in the UK in June, also want to provide more transparency in infrastructure partnerships.
Montenegro, a member of the NATO military alliance and candidates to join the EU, was the highest victim of Chinese debt, said Western officials.
Montenegro borrowed nearly $ 1 billion from China in 2014 to fund a stretch of road 41-km (25 miles), the number that has threatened to go bankrupt in the country.
Now being negotiated with Western banks to exchange or finance debt, Reuters reported this month.
The European Union strategy, called “globally connected”, did not mention China and Foreign Minister Luxembourg, Jean Asselborn, warned on Monday about making Chinese enemies, noting that German car makers sell more vehicles in Germany.
But one UE diplomat involved in developing a strategy said the eight-page document had “China written on it”.
Since 2013, China has launched construction projects in more than 60 countries, looking for land and sea link networks with Southeast Asia, Central Asia, Middle East, Europe and Africa.
Beijing denied the intention to project power and said the infrastructure corridor focused on the needs of ordinary people.

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