We report results on a 40 ks XMM-Newton observation of the Type 2 quasar 3C 234. Optical spectropolarimetric data have demonstrated the presence of a hidden broad-line region in this powerful (M_V <~ -24.2 after reddening and starlight correction) narrow-line FRII radio galaxy. Our analysis is aimed at investigating the X-ray spectral properties of this peculiar source which have remained poorly known so far. We analyze the 0.5--10 keV spectroscopic data collected by the EPIC cameras in 2006. The X-ray spectrum of this radio-loud quasar is typical of a local Compton-thin Seyfert 2 galaxy. It exhibits strong absorption (Nh~3.5 x 10^{23} cm^{-2}) and a narrow, neutral Fe Kalpha emission line with an equivalent width of ~140+/-40 eV. Our observation also reveals that the soft portion of the spectrum is characterized by strong emission lines with a very low level of scattered primary continuum. A possible explanation of these features in terms of thermal emission from a two-temperature collisionally ionized plasma emission seems to be unlikely due to the high luminosity estimated for this component (L(0.5-2) ~ 6 x 10^{42} erg/s). It is likely that most of the soft X-ray emission originates from a photoionized plasma as commonly observed in obscured, radio-quiet Seyfert-like AGNs. This X-ray observation has definitively confirmed the presence of a hidden quasar in 3C 234. The line-rich spectrum and the steepness of the hard X-ray continuum (Gamma ~ 1.7) found in this source weaken the hypothesis that the bulk ofthe X-ray emission in radio-loud AGNs with high excitation optical lines arises from jet non-thermal emission. Comment: Accepted by Astronomy and Astrophysics