France's Sarkozy to discuss crisis with China's Hu

President Nicolas Sarkozy will seek support from Chinese President Hu Jintao on Thursday for Europe's handling of the euro zone debt crisis, amid signs of growing concern in Beijing.

Chinese Vice Foreign Minister Fu Ying warned on Tuesday that the euro zone could collapse if it did not pull together, just a day after China's leading official newspaper likened the bloc's debt crisis to the Black Death pandemic.

Does Merkel Need a 'Lehman Crisis' to Save Euro?

In 2010 former US Treasury Secretary Hank Paulson admitted that if had not allowed Lehman Brothers to fail, he would have not been able to win approval for the Troubled Asset Relief Plan (TARP) -- the bailout of the country's banks -- from Congress.

“We didn't have TARP without Lehman Brothers," Paulson said.