Spain demands payment for Bolivia asset snatch [View all]
Source: AFP
Spain demanded fair payment Wednesday after Bolivia snatched Spanish firm Red Electrica's local grid, a second blow to the nation's foreign investments in Latin America.
Bolivian President Evo Morales's expropriation came just 15 days after Argentina's much larger nationalisation of oil giant Repsol's YPF subsidiary, which triggered an outcry in Madrid.
It sparked fears that other populist Latin American governments, especially those facing elections, could follow suit, and led to a warning from Europe that world investment may be affected.
Pressure grew on Madrid to take a tough stance to deter raids on other Spanish companies, which provide crucial support to the recession-bound economy.
Read more: http://news.yahoo.com/spain-electric-grid-shares-fall-bolivian-takeover-075234014.html
= new reply since forum marked as read
