MONTEVIDEO : Privatization Vote
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Uruguayan voters will decide Sunday whether their country should sell off government-owned enterprises, including the telephone company and the national airline, to private investors. A 1991 privatization law has met such staunch resistance from labor unions and leftist parties that President Luis Alberto Lacalle agreed to a referendum before auctioning the companies.
Advocates of privatization say selling off state enterprises would improve services and help reduce Uruguay’s $6.9-billion foreign debt.
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