Article

2006-05-17 Caribbean-Latin America

Bolivia to seize Spanish bank's shares in Repsol

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Posted by Seafarious 2006-05-17 00:00|| || Front Page|| [11129 views since 2007-05-07] Top

#1 Told ya to stuff it, did they? Tsk tsk.

Posted by mojo">mojo 2006-05-17 00:19|| 2006-05-17 00:19|| Front Page Top

#2 thats what you get doing business in these latin american shit holes

Posted by bk 2006-05-17 09:52|| 2006-05-17 09:52|| Front Page Top

#3 Wonder what Zappy thinks of little Evo now? Heh!

Posted by Desert Blondie 2006-05-17 10:07|| http://azjetsetchick.blogspot.com]">[http://azjetsetchick.blogspot.com] 2006-05-17 10:07|| Front Page Top

#4 Bolivia is well on it's way to becoming a financial pariah. Venezuela and Ecuador are coming along for the ride,Argentina is even giving it some thought. Only a maniac would put money into anything in south america at this point.

Posted by bigjim-ky 2006-05-17 10:19|| 2006-05-17 10:19|| Front Page Top

#5 You rock on with your bad self Bolivia. Without foreign investment your little shithole will become an even bigger shithole in the years to come. Once your peasants get poor enough and desperate enough, 'Viva la Revolucion!'

Posted by mcsegeek1 2006-05-17 10:36|| 2006-05-17 10:36|| Front Page Top

#6 "Now Prevision and Futuro must turn over to the state the shares they manage in the petroleum firms Andina, an affiliate of Spain's Repsol YPF; Transredes, owned by Enron and Royal Dutch Shell; and British Petroleum's Chaco. The companies arose after the dismemberment of the state-owned petroleum company YPFB, which now will recover its executive role by receiving the shares administered by the pension-fund managers in the oil firms, which represent some EUR 547 of the EUR 1.25 billion in the fund."

Good luck getting funds from Enron. And wasn't Dutch Shell the owner of a couple of stolen laptops right before some Nigerian booms?

"The BBVA bank and the Swiss insurers Zurich Financial Services must now transfer their oil and gas shares to the government "free of charge"."

This massive shell game of resources smells, but I think Morales is going to hit a dry hole on this one.

Posted by Danielle 2006-05-17 12:47|| 2006-05-17 12:47|| Front Page Top

#7 Heh, Zappy and Evo reminds me of Ren and Stimpy for some reason.

Question: In the history of the world, has "nationalizing" industries and assets ever turned out well?

Posted by SteveS 2006-05-17 16:14|| 2006-05-17 16:14|| Front Page Top

#8 when the cost of companies losing their economic investments exceeds the cost of a .50 Cal bullet in your forehead, you jump into the dead pool.....how long for Evo?

Posted by Frank G 2006-05-17 17:14|| 2006-05-17 17:14|| Front Page Top

#9 In the history of the world, has "nationalizing" industries and assets ever turned out well

Maybe (passenger) railways? Or at least they didn't get worse.

Posted by 6 2006-05-17 19:09|| 2006-05-17 19:09|| Front Page Top

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