What happens if a nationalization

Morales returned to its tradition of the nationalization of companies international workers day

It was an image that gave him all over the world. Past international workers day returned President Evo Morales with white body and after a sign with the Bolivian flag and indigenous, drawn its tradition of the nationalization of the company at this time to the daughter of Red Eléctrica de Spain (REE) in a symbolic act to expropriate.

This day, State television showed surrounded the headquarters of the Spanish society of armed forces. This time, the scene had decided, more influence of weeks after Argentina that occur with control over the oil company YPF, subsidiary of the Spanish Repsol. But for the majority of the Bolivians, the event was nothing new.

There is an official figures on the number of companies Estatizadas in six years by the Morales Government. But among them are subsidiaries of the Swiss mining Glencore, the British oil giant BP and the electric GDF Suez French.

If a company is nationalized

The national enterprise for telecommunications (ENTEL), nationalized in 2008 comes under the new Bolivian politics "natural resources and strategic businesses in the economy to recover".

Click to read: the Spanish Government describes as rejecting the expropriation in Bolivia

Now, in the main building of the company, most of the positions are occupied faces, and where it was raised by new a flag Telecom Italy, flies you from Bolivia.