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Topic: Spain Seeks Investment
From Latin America |
Spain Seeks Investment
From Latin America
New York Times, by Raphael Minder
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Original Article
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Posted By:PageTurner, 11/19/2012 9:24:35 AM
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| CÁDIZ, SPAIN — Starting in the late 1990s, Spanish companies began a drive into Latin America that resulted in their takeover of some of the region’s most prized assets. Now, Prime Minister Mariano Rajoy of Spain wants the investment to flow in the other direction. Mr. Rajoy used a weekend summit meeting here to try to persuade Latin American leaders to invest more in recession-hit Spain, suggesting that his country could be “the closest platform” for companies to make forays into the rest of Europe, and even North Africa.
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Comments:
And Mexicans had the last laugh on Hostess.
The reality is, Latin America, through its Chile Model, free trade, property rights and fiscal discipline, is becoming a high growth, bright future area. Colombia is probably its brightest star, the investment is just pouring into that former hellhole. But nearly all of them on the Pacific coast are becoming beacons - Mexico, Costa Rica, Panama, possibly Guatemala & Honduras, Colombia, Peru, Chile. This Spain thing is just the latest - and not only is Latam being asked to invest, it´s also accepting thousands of fleeing Spaniards.
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Reply 1 - Posted by:
kanphil, 11/19/2012 9:40:18 AM (No. 9023435)
Thanks, OP for the good news update on Latin America. At least one part of the world hasn´t lost its way.
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Reply 2 - Posted by:
mickturn, 11/19/2012 9:52:38 AM (No. 9023455)
Wait a minute, didn´t you Spaniards steal all our gold many years ago?
Tell you want, send it all back and we´ll help you out!
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Reply 3 - Posted by:
Bevan, 11/19/2012 9:59:46 AM (No. 9023469)
I spend a good amount of time in Colombia with my job (military pilot training). I´m seriously thinking of moving there permanently
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