Chinese overseas aid for Spain?

Victor Mallet has a good piece on Spain’s damagingly mistaken claim that Zapatero had successfully begged $9 billion from China. Chinese state media seems now to be hinting that, while some bucks may be on offer, Spain needs to present some bang asap – usufruct of the Balearics as latter-day Deshimas, proposes a mischievous voice. More constructively but also with the slightest hint of schadenfreude, Charles Butler suggests that Spain-trashing Zapatero, whose “Pavlovian reaction to an opportunity to resume his hard-wired good-news-all-the-time mindset”, might feel at home at Greece-trashing Citigroup.

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