Lending to rich Europeans would be a hard political sell at home. The arcane economics of foreign exchange earnings mean that the Chinese government cannot actually use its $3 trillion of foreign exchange reserves to build hospitals, schools, or a decent social security system at home. But try explaining that to the ordinary Chinese citizen who is wondering why his government should spend money (that he helped earn through the sweat of his brow) to bail out spendthrift Greeks who on average earn 10 times more than he does…
Why is Christian Science in our name?
Why is Christian Science in our name?
Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.
The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.
Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.
Explore values journalism About us
Europe debt crisis: 3 reasons why China won't help out
2. It would be a hard political sell at home
