Saturday, August 27, 2011

Nicaragua's presidential election

Ortega goes capitalist

Looking for alternatives to Venezuela

Daniel offers fat margins

FOR more than a year, giant billboards around Managua have been urging voters to re-elect Daniel Ortega, who is poised to win a third, unconstitutional presidential term in November. The posters portray the former guerrilla, who helped to overthrow the Somoza dictatorship in 1979 and still leads the Sandinista National Liberation Front (FSLN), as a socialist. Yet in a smart hotel in the capital, Mr Ortega’s ministers were busy this month wooing the fat cats of the capitalist world. Incentives to invest in the socialist republic included lengthy exemptions from taxes.

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