Could the CSA fight Spain?

I know the Confederates could fight Spain. Whether or not if they can win is another question. If they did win, what happens to Spain's holdings in the Pacific? Doese Germany come in and take the Phillipines like it did some of the other islands?
 
I know the Confederates could fight Spain. Whether or not if they can win is another question. If they did win, what happens to Spain's holdings in the Pacific? Doese Germany come in and take the Phillipines like it did some of the other islands?
On the absolutely massive if I would say the Germans would probably take it, they wanted colonies and that would sate the jingoists for awhile.
 
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