During a press conference on the occasion of President Hipolito Mejia’s visit to Spain, the Spanish head of government said he “would have preferred for things to have worked out differently with Union Fenosa” in the Dominican Republic. Aznar did not, however, go into further detail. Speaking in the presence of President Mejia, Aznar told the Spanish press: “What is important now is that the commitments that have been reached be respected and met.”
Referring to the comment, Hoy newspaper’s page-two commentator points out that on the contrary, the DR offers extensive guarantees for foreign investment. “What happens, nevertheless, is that the so-called investors are treated gingerly, not even to be touched with the petal of a flower,” he writes. The commentator adds that in the name of supposed judicial security or adherence to the law, the most villainous contracts can be signed, apt to throw any state into disarray. He recalls the cases of Hydro-Quebec, Smith & Enron, Rosario, Falconbridge, American Can and many more that have been very costly to Dominican taxpayers while lacking in business ethics.