European Tribune - Comments - European Breakfast

European Breakfast - June 20 | 150 comments (150 topical, 0 editorial, 0 hidden)

Re: European Breakfast - June 20 (4.00 / 2)

Calderón advocates opening Mexico's poorly run and underfinanced energy sector to foreign investment. It is an unpopular idea, but sorely needed.

Ah, we are soooo impartial...

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Tue Jun 20th, 2006 at 04:15:04 AM EST
[ Parent ]

Re: European Breakfast - June 20 (4.00 / 2)

It's sorely needed, but for whom?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Jun 20th, 2006 at 04:18:40 AM EST
[ Parent ]

Re: European Breakfast - June 20 (none / 1)

I think Morales put it very well: it's one thing to open it to foreign investment, and another to open it to foreign ownership.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Jun 20th, 2006 at 04:19:27 AM EST
[ Parent ]

Re: European Breakfast - June 20 (none / 1)

It's not really underfinanced, it's overtaxed by its sole shareholder/owner/overlord, the Mexican government, which has repeatedly proven unable to let Pemex keep enough of its income to invest in future production.

No need for foreign investors - only a more reasonable State. Of course, foreign investors are often eaiser to deal with than political pressure against State spending cuts...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 20th, 2006 at 04:57:10 AM EST
[ Parent ]

European Breakfast - June 20 | 150 comments (150 topical, 0 editorial, 0 hidden)

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