|Bolivia Kicks out Foreign Investors, Chavez Style|
|by Tom McGregor||Tue, Feb 19, 2013, 12:44 AM|
Bolivian President Evo Morales has nationalized Spanish-owned airports, claiming the foreign investors seek to maximize profits at the expense of his homeland.
According to the BBC News, "the contract of the company managing the airports, Sabsa, was due to last until 2025."
The Leftist dictator's maneuver shocked Spain, which declared the "unfriendly act" had caused them to "reconsider the whole of relations" with the nation.
As reported by the BBC, "it is Mr. Morales' third expropriation of a Spanish firm in less than a year."
The Bolivian leader announced on Monday he had ordered the ministry of public works, services and housing to take "full operational control" of Sabsa, the corporation running the airports in the cities of La Paz, Santa Cruz and Cochabamba.
To read the entire article from the BBC News, link here:
|< Prev||Next >|