Sancor got loan, Venezuela got milk!

December 11, 2006

So, Venezuela will lend money to SanCor on its own, nobody else will invest, so that it is run by the same people who got it into debt and could not pay it. Hopefully they will survive long enough to pay us back with milk. The investment by Bandes in Argentina is 60 times what the Government has invested in the area in the last three years, according to the Center for Economic Research. I guess Sancor got money, Venezuela got milk!

Venezuelan and Argentinean milk farmers probably got screwed!

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