[mgj-discuss] Police Defend Suez in Argentina

[Sara grusky]

>> Citizens surrounded the legislature in Cordoba, Argentina on Wed.  
>> Nov. 29th shouting, "No to the re-negotiation!" referring to the  
>> new contract between the government and Suez-Roggio that would  
>> grant 27 more years of a repressive water privatization contract.   
>> (View photos below) Police retaliated with force leaving 30  
>> wounded and 7 detained.  The contract would:
>>
>> 1.  Grant pardon to Suez and the other shareholders for millions  
>> of dollars in debt.   Suez owes millions in unpaid  taxes and in  
>> fines for contractual non-compliance.
>>
>> 2.  Grant new favors to Suez paying them subsidies of more than  
>> 25,000,000 pesos annually.
>>
>> 3. Uses blackmail by stating that Suez will discontinue their case  
>> in the World Bank's secret court (ICSID) where they are suing the  
>> Argentine government for US $100 million if the new contract is  
>> passed by the legislature.
>>
>> 4.  Commits the province of Cordoba to pay off the US$40 million  
>> loan that Suez owes to the European Investment Bank for  
>> investments in the water system that were never made.
>>
>> 5.  Ratification of this contract would approve increases in water  
>> rates beginning April 2007 to between 0.19 and 2.15 pesos per  
>> metre, and by January 2008 rate increases of 12% more granting  
>> Suez permission to impose increases at any percentage of costs.
>>
>> For information in Spanish:  www.argentina.indymedia.org or  
>> www.tinkuyaku.org
>>
>> View photos from Colectivo Indymedia Cordoba: http:// 
>> argentina.indymedia.org/news/2006/11/467722.php
>
> Sara Grusky
> Water for All Campaign
> Food & Water Watch
> 1400 16th Street, NW Suite 225
> Washington, DC 20036
> Email: sgrusky at fwwatch.org
> Tel: 1 202 797-6552
> Fax: 1 202 797-6560
>
>

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