Nationalization - confiscation
Kick 'em while they're down. Spain's economy is suffering due to its membership in the European Union; 50% of its youth are unemployed.
Yesterday, Mayday, International Labor day, President Evo Morales seized control of Bolivia's main power grid from a Spanish-owned company. He nationalized it "in the name of the Bolivian people as a fitting homage to the workers who fought for the recovery of our natural resources and basic services." (AP)
Two weeks ago President Cristina Fernandez of Argentina took control of its top energy company from Spain's Repsol. It thrilled Argentines. Spain was indignant and the EU has said it'll back Spain in court, and that Argentina will be ostrasized from EU markets. Ortega applauded Fernandez's move, but Nicaraguan business leaders say that sends the wrong signal - http://www.nicaraguadispatch.com/business-travel/biz-leaders-reject-orte...
I see no need to list all the foreign-owned companies in Venezuela that Pres. Hugo Chavez nationalized after taking the reins.
Over recent years there's been a lot of protest against Union Fenosa, the Spanish firm that controls (all of?) Nicaragua's power grid. Does the fact that they are members of Grupo Pellas make them untouchable, for now?