Wednesday, June 20, 2012

Panama: popular protests block sale of national patrimony

Popular protests, sometimes violently repressed by police, forced the Panamanian government to stop the sale of much of public participations in the telephone company Cable & Wireless (the state owns 51%) and in several electric companies, including Spanish Unión Fenosa. This would have indebted the state according to the opposition, depriving the government of important sources of income and control over the national economy.

Source: LINyM[es].

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