EU's Moscovici says Europe's fundamentals are a strong shield against Chinese volatility

What's he smoking?

• Fundamentals of the recovery in Europe are strong enough to weather situation on Chinese markets
• No one is considering erasing Greek debt
• There will be a debate with IMF in Greek debt

The rest is fluff on France

Merkel is also spouting forth on Russia and sanctions. She says she wants to reach the point of lifting sanctions but the time for that hasn't come yet