June 19, 2008

Vulture Funds, The World Bank courts and Argentina Financial Collapse

Argentina Versus the World Bank: Fair Play or Fixed Fight?
By Tony Phillips

Argentina versus el Banco Mundial: ¿Juego limpio o partido arreglado?
By Tony Phillips

Some multinational companies take over our natural resources, privatize basic services, fail to pay taxes and then, when they have no arguments in their defense, they go to the so-called ICSID. And then, in that World Bank tribunal, no country wins against the multinationals. So why do we need an ICSID where only the multinational companies can win?"

President Evo Morales of Bolivia.

See: full article online.
Ver: artículo en español.

Posted by Tony Phillips at 05:31 PM | Comments (0)