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Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica...

Bolivian President Evo Morales announces the nationalization of Spain's Red Electrica (RDEIF.PK), and orders the military to guard the company's installations. The energy giant is 20%-owned by the Spanish state, with foreign pension funds also big holders. This follows the seizure of Repsol's Argentinian subsidiary YPF last month.
Comments (5)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    On the international day of Socialists and Communists...why not...
    1 May 2012, 12:40 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    And Obama is thinking, "Man we are so far behind these international pacesetters, but I can change that!"
    1 May 2012, 12:43 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
     
    Spain is getting spanked like a redheaded stepchild lately. They could always show their ferocity by throwing a mean stare toward South America.
    1 May 2012, 12:47 PM Reply Like
  • alexbrooklyn
    , contributor
    Comments (93) | Send Message
     
    That's rather nice! Spain should deploy its military and get it back or it will slowly but surely lose everything!
    1 May 2012, 02:18 PM Reply Like
  • HoeTamer
    , contributor
    Comments (186) | Send Message
     
    Spain is so broke could they afford to sail a naval task force there and back? Do they still have a navy?
    1 May 2012, 04:09 PM Reply Like
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