Xinhua — Urgent: Australia has decided to join Asian Infrastructure Investment Bank: PM

Australia has decided to sign a Memorandum of Understanding on the Asian Infrastructure Investment Bank (AIIB), which would allow Australia to become a founding member of the bank, said a statement released by Prime Minister Tony Abbott Sunday morning.

In the carefully worded statement, Abbott said the signing of the MOU will enable Australia "to participate as a prospective founding member in the negotiation of setting up the bank."

"The Government has discussed the AIIB extensively with China and other key partners inside and outside the region," the statement said.

Xinhua
Urgent: Australia has decided to join Asian Infrastructure Investment Bank: PM

Et tu, Tony?

Zero Hedge
US Attacks "Closest Ally" UK For "Constant Accommodation" With China (3/13/15)