Who Benefits From Yuan Revaluation?

The euro rallied steadily towards the 1.3700 level in the wake of the strong support for Greece expressed by French President Nicholas Sarkozy over the weekend and a raft of fresh proposals by European policy makers to create new pan-European institutions to better deal with the fiscal financing problems facing the region. Amongst some of the ideas being floated by member states are; the creation of European version of the IMF, a pan European debt agency that and a ratings agency that would manage debt on a regional rather than national basis.