It' was the grand bargain "solution" to help southern european countries like italy and spain (who were hit hard by covid), and the EU especially the northeren countries proclaimed it as a great show of "solidarity". We see it now again with Macron trying to force EU loans on Lebanon, but conditioned on more free market reforms of course.

If anyone is wondering why China has such an easy time finding trading partners, consider what this shit looks like from the other side; a ravenous corrupt EU and US offering nothing but disaster profiteering combined with commitments to an ideology that no one outside the west believes in.

These idiots are sowing the seeds for their own destruction.