"The degree of close U.S.-China cooperation in the process of coping with the global financial crisis will directly affect how fast the global economy can extricate from the difficult time, " said a commentary in Global Times, a state-run Chinese newspaper.

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Most have already performed miracles over the past few decades, from surviving political earthquakes to coping with hyperinflation, and prospered throughout a crisis that felled Western banks.

ECONOMIST: Cross your fingers

While this may have worked sufficiently through the great credit crisis of 2008-2009, this common currency and shared economic base is experiencing strains coping with fiscal problems of one (or now many) of its underlying constituent countries.

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