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ThatBritGuy:
It's obvious that nation states are no longer able to act as sovereign entities. Even when pols understand what's happening, and don't choose to be complicit with it, there's very little individual governments can do.
Spain's Zapatero gets Chinese investment pledges | Reuters
China will continue to buy Spanish debt and will help to fund a restructuring of its savings banks, a Spanish government source said after Chinese Premier Wen Jiabao met Spanish Prime Minister Jose Luis Rodriguez Zapatero in Beijing.
The figure being thrown about in the Spanish press is €9bn to recapitalize the Cajas and an unspecified amount of debt. Wen Jiabao is quoted calling Spain "China's best friend in Europe".

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Apr 13th, 2011 at 08:44:10 AM EST
[ Parent ]
to be China's best bitch in Europe?

['s Macho Moment of the Day™ Technology]

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Apr 13th, 2011 at 12:53:15 PM EST
[ Parent ]
El mayor fondo chino niega que vaya a invertir 9.000 millones en las cajas · ELPAÍS.comChina's biggest fund denies it will invest €9bn in [Spain's] Cajas - ElPais.com
El Ejecutivo español admite que se equivocó de fondo y que no se habló de ninguna cantidad, aunque mantiene que Pekín está interesado en el sector.- Hu Jintao: "La visita de Zapatero es un éxito"The Spanish government admits they spoke of the wrong fund and that there was no talk of amounts, though they maintain that Pekin is interested in the sector. Hu Jintao: "ZP's visit is a success".


Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Apr 14th, 2011 at 06:13:41 AM EST
[ Parent ]

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