EU aims to seal deal with Beijing

Press quote (Wall Street Journal)
Katinka Barysch
07 January 2011

"If Spain can no longer access the bond market, will the Chinese lend enough to Spain to get it out of this crisis? I very much doubt it", says Katinka Barysch, deputy director of the Centre for European Reform, a London-based think tank. "Nor would the EU want one of its members to become beholden to China." "They're doing it out of self-interest [the Sinopec deal] but dressing it up as a goodwill gesture towards a troubled continent", she says.