It's all over the newswires. China has offered to buy into the public debt of Portugal, a country with an economy brought to its arthritic knees, and in serious risk of defaulting, by years of gross socialist mismanagement – another of the many blatant examples of trying to subordinate the simple reality of the economy to the skewed and obscure purposes of ideology.
Furthermore, a Chinese bank stands ready to acquire 10% of equity in a large Portuguese commercial bank.
Now, this is what I call true humanitarian aid!
