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Zimbabwe threatens to nationalise all US and UK companies operating in country Watch

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    (Original post by BBC News)
    Zimbabwe's President Robert Mugabe says his country will nationalise all US and UK companies operating in the country unless Western sanctions are removed.

    He told his Zanu-PF party's annual conference it was time to fight the sanctions imposed on him and party leaders.

    Mr Mugabe also said it was time to end power-sharing with the party of Prime Minister Morgan Tsvangirai. The agreement with the MDC, struck in 2008, is due to expire in February. Mr Mugabe said he would push for elections early next year.

    More than 4,000 Zanu-PF members attended the opening of the conference in the eastern city of Mutare. The conference is expected to nominate 86-year-old Mr Mugabe as party candidate for the next election.

    "Why should we continue to have 400 British companies operating here freely?" Mr Mugabe said.

    "Why should we continue having companies and organisations that are supported by Britain and America without hitting back? Time has come for us to [take] revenge."

    Under Zimbabwe's empowerment laws, black Zimbabweans should acquire 51% of foreign businesses.

    "We can read the riot act and say this is 51% we are taking and if the sanctions persist we are taking over 100%," Mr Mugabe said.
    BBC Source
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    Nigeria believes the situation in Zimbabwe (Thanks Sandy :P) is a shame.
    Mugabe has destroyed Zimbabwe.
    Nigeria is lost as to what to do considering this situation.

    [ooc] I dont get this guy, why call for elections?..if he wins, he wins..if he loses he will still say he won..if anyone needed taking out..its him!..But of course, no one will do so..[ooc/]
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    (Original post by jakemittle)
    Nigeria believes the situation in Nigeria is a shame.
    Mugabe has destroyed Zimbabwe.
    Nigeria is lost as to what to do considering this situation.

    [ooc] I dont get this guy, why call for elections?..if he wins, he wins..if he loses he will still say he won..if anyone needed taking out..its him!..But of course, no one will do so..[ooc/]
    [ooc] Criticising yourself? [/ooc]

    Iran fully supports the decision of the Zimbabwean government in this instance. It should have every right to ensure that its people receive the benefits of foreign companies operating in the country, rather than see the profits siphoned off to British and American shareholders.
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    France is getting very close to cutting diplomatic ties with Zimbabwe as they have had multiple problems with human rights and time and again refuse to act as a modern free country.
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    Brazil believes that any decision to abandon the power-sharing agreement would be extremely regrettable. ZANU PF must secure a democratic mandate to rule.
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    (Original post by Texan88)
    France is getting very close to cutting diplomatic ties with Zimbabwe as they have had multiple problems with human rights and time and again refuse to act as a modern free country.
    China asks what good would cutting diplomatic tees do for the current situation.
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    France feel that having ties cut with it's second biggest sovereign creditor might force them to rethink their current situation. France consistently sends aid to Zimbabwe each year. They have a large debt to us and we feel pressuring them to make the right decision is the only correct action.
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    Portugal continues to support the sanctions imposed on Zimbabwe and reitorates that if Mugabe wants to see the sanctions lifted then he should comply with requests regarding human rights and democracy.
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    (Original post by sandys1000)
    [ooc] Criticising yourself? [/ooc]
    Oh yeah..thanks! ~D
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    (Original post by jakemittle)
    Oh yeah..thanks! ~D
    [ooc] It would be good if countries were that honest [/ooc]
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    [ooc] Will wait to see if an official statement is made from the white house on this subject. [/ooc]
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    (Original post by thunder_chunky)
    [ooc] Will wait to see if an official statement is made from the white house on this subject. [/ooc]
    [ooc] Oh sack Obama. I'm sure the US would react with a devastating nuclear strike on Harare [/ooc]
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    (Original post by sandys1000)
    [ooc] Oh sack Obama. I'm sure the US would react with a devastating nuclear strike on Harare [/ooc]
    [ooc] Lol sack Obama? I'm sure there are many people in the USA who might like that at the moment, especially those in the Republican party.
    Alas we will have to wait another year and a half or so before we see if Obama is a "one term president."

    As for Zimbabwe, I'm guessing the USA wouldn't normally react well to something like this. [/ooc]
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    The Gambia agrees with Mr Mugabe that the influence of the West in Africa is undesirable. We support Mr Mugabe in his wish to end power-sharing with Mr Tsvangirai. Morgan Tsvangirai is simply the puppet of the West.
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    While not in support of many of Mr Mugabe's actions in Zimbabwe, Venezuela feels that the nationalisation of US and UK companies and rechannelling profits to the people is certainly a step in the right direction.
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    (Original post by goewyn)
    While not in support of many of Mr Mugabe's actions in Zimbabwe, Venezuela feels that the nationalisation of US and UK companies and rechannelling profits to the people is certainly a step in the right direction.
    Brazil believes that Mr Mugabe's moves in this direction have already proven disastrous. Any further attempt has the potential to spell economic ruin for Zimbabwe.
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    If implemented with honour and integrity, the nationalisation of industries such as mining and oil can be a hugely effective means to achieving greater social equity. Sadly, the chances of Mugabe's redistribution methods ever resulting in allocation of wealth to the poor is admittedly unlikely.
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    (Original post by goewyn)
    If implemented with honour and integrity, the nationalisation of industries such as mining and oil can be a hugely effective means to achieving greater social equity.
    Iran echoes this point completely. A perfect example of this strategy in operation can be seen from the nationalisation of our oil infrastructure. Instead of disappearing into the pockets of foreign shareholders, this resource is now directly benefiting the Iranian people.
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    (Original post by sandys1000)
    [ooc] It would be good if countries were that honest [/ooc]
    tell me about it..

    (Original post by sandys1000)
    Brazil believes that Mr Mugabe's moves in this direction have already proven disastrous. Any further attempt has the potential to spell economic ruin for Zimbabwe.
    Nigeria would like to point out that the economy of Zimbabwe is already destroyed
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    (Original post by jakemittle)
    tell me about it..
    [ooc] :moon: (I've never been sure exactly what that smiley's for?) [/ooc]

    Nigeria would like to point out that the economy of Zimbabwe is already destroyed
    Brazil believes that a degree of recovery has been achieved under the power-sharing government.
 
 
 
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