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Article Excerpt
Nicaraguan President Enrique Bolanos declared a State of Emergency on May 30, in an attempt to stave off a crisis caused by soaring energy prices. The decree was read over state radio. It suspends parts of the Constitution and imposes a hike of 11.83% in electricity bills for consumers of more than 150 kW a month. Bolanos said this would affect 25% of the population. According to law, the decree, which would limit the right to protest for 180 days, had to be submitted to the Asamblea Nacional (AN) within 72 hours. It was, and a hostile AN began to look deeply into its implications and legality.
The price increase corresponded to the exact amount requested by Union Fenosa, the Spanish firm that has taken the electricity sector private (see NotiCen, 2005-02-24). The measure also called for a month-to-month indexing that would allow the company to pass on any further fuel-price increases to the consumer. The smallest consumers would be protected through subsidies financed by value-added taxes.
The people will not pay, dispute Bolanos' claims
Vituperative reaction came swiftly. Ruth Selma Herrera of the Red Nacional de Defensa de los...
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