EU aims to seal deal with Beijing
"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.