Ecuador Favors Workers' Property
QUITO - he Ecuadorian government this week
fosters the program for democratization of
opportunities known as "Cree Ecuador,"
through which part of stocks seized to
bankers who went bankrupt are sold to its
workers or citizens.
President Rafael Correa said that it the
firms are strategic, the State will then
have 51 percent of stocks, and the community
or workers the remaining 49 percent. If not,
the main partner will own 51 percent, and
the community or workers the other 49.
After ten years of the bank crisis, the
Deposit Guarantee Agency (AGD), created when
the State assumed the million debts and
seized properties of bankrupt banks, will
close this year, and its assets will go to
the Finance Ministry.
"We will wait until December 31 to put an
end to the bank crisis nightmare," Correa
said after praising the AGD last
administration.
In parallel, it is intended to democratize
the private property, not eliminate it, so
that "we are all owners and not just a few",
Correa affirmed. |
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