March 14, 2015

"Despite concerns voiced by its close ally the United States, Britain, a conventional Atlantic force, will become the first major Western economy to join a China proposed financing mechanism, which will explore investment opportunities in, mainly, Asia.

Downing Street believes its decision to apply to be a founding member of the China-backed Asian Infrastructure Investment Bank (AIIB) is "in the U.K.'s national interest."

Domestic interests may not always be compatible with a country's allies' and, in this case, the ally of Britain chose to air concerns over, allegedly, looser lending standards for the environment, labor rights and financial transparency of the proposed bank."

Read more:
http://news.xinhuanet.com/english/2015-03/14/c_134066722.htm

NISCSS does not necessarily share in or endorse the opinions of off-site commentators.