The establishment of the China-led Asian Infrastructure Investment Bank (AIIB) is an example of the opposite, de Villepin stated, speaking at an international conference held in Astana, Kazakhstan.
Participation in the founding of the AIIB by major European economies such as Britain, France and Germany indicates a desire to invest in a new, more nimble banking architecture, that can make joint strategic decisions quickly, de Villepin emphasized.
AIIB is an international financial institution created by the Chinese government to stimulate growth and attract investment in infrastructure projects in the Asia-Pacific region.
According to the AIIB website, there are currently 57 prospective founding members to the bank. It is expected to be fully established by the end of 2015.
