Blogging for a free world

Those Who Sacrifice Liberty For Security Deserve Neither (Benjamin Franklin)

Spain: OK to Chávez’s purchase of Bank of Venezuela IF a “fair price” is paid

leave a comment »

Spain’s Deputy Prime Minister and Minister of Economy Pedro Solbes said on Monday that the purchase of the Venezuelan branch of Spanish Banco Santander Central Hispano banking group by the Venezuelan government does not imply “a major problem,” provided that a “fair price” is paid.

If the government of President Hugo Chávez does not pay an acceptable price, the Minister of the Economy said in an interview with the Spanish public radio, “it would be totally unacceptable,” Efe reported.

Solbes is confident that an agreement will be reached between both parties because, on the contrary, the process would become an expropriation for purposes of nationalization.

Daily News – eluniversal.com.

Related: Chávez announces the nationalization of the Bank of Venezuela.

Technorati Tags: , , , , ,

Written by Claudia

August 7, 2008 at 12:39 pm

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: