RealNews

Morales defends nationalisations at EU-Latin America summit

Bolivian President Evo Morales said that foreign oil companies would not be compensated for oil and gas resources that have been nationalised, and European Union president Austria called for explanations. “If they (the companies) have earnings they can recover them, there is no reason to indemnify them,” said Morales, a leftist who has nationalised Bolivia’s energy sector, prompting widespread concern in Latin America and elsewhere. Morales was speaking to reporters here on the sidelines of an EU-Latin America summit. Full Story

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