France and Germany join UK in Asia bank membership
France and Germany are to join the UK in becoming members of a Chinese-led Asian development bank.
The finance ministries of both countries confirmed on Tuesday that they would be applying for membership of the Asian Infrastructure Investment Bank (AIIB).
Last week, the US issued a rare rebuke to the UK over its decision to become a member of the AIIB.
The US considers the AIIB a rival to the Western-dominated World Bank.
The UK was the first Western economy to apply for membership of the bank.
But German finance minister Wolfgang Schaeuble confirmed on Tuesday that his country would also be applying for membership.
France's finance ministry confirmed it would be joining the bank. It is believed Italy also intends to join.
When asked about the US rebuke last week, a spokesman for Prime Minister David Cameron said: "There will be times when we take a different approach."
http://www.bbc.com/news/business-31921011
No matter how Obama tries to meddle, nothing can stop Europe and China from becoming the great friends they want to be \(^0^)/
A toast to our enduring friendship and mutually beneficial cooperation