Friday, September 22, 2006

Business News

Fidel Castro may not be around for much longer but this doesn’t seem to bother the gigantic Spanish hotel chain, Sol Melia, which already part owns and manages 22 tourist and luxury hotels in Cuba.

According to a report in the Spanish financial newspaper, El Economista, the chief executive officer at Sol Melia, Gabriel Escarrer, confirmed that the company is plannign to further grow their business with the Castro regime.

Despite the uncertainties raised by the 80 year old dictator’s illness, Mr Escarrer concluded that in Cuba, “the risks are relatively minor while the benefits are great.”

Spoken like a true capitalist.

2 Comments:

Blogger Henry "Conductor" Gomez said...

The US is vilified for its embargo but what incentive does the Spanish government have to pressure Cuba to change when its hoteliers enjoy the benefits of virtual slave labor and no US competition? Who is really benefitting from the status quo?

4:25 pm  
Blogger Luis M Garcia said...

Well said, Henry. It's an absolute disgrace.

5:16 pm  

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