Out Of The Depths

Why is there a coup in Honduras?

Zelaya: el FMI “no es ni mi papá, ni mi mamá” – Economía – ElHeraldo.hn

El presidente hondureño, Manuel Zelaya, arremetió este viernes contra el Fondo Monetario Internacional (FMI) y reiteró que “no hay ninguna obligación de tener ningún tipo de acuerdo” con el organismo financiero.

“El Fondo no es mi padre, ni mi papá ni mi mamá, para venirme a decir a mí lo que tengo de hacer en Honduras”, expresó el mandatario al regresar tras su viaje a Cuba.

Desde el 24 febrero se encuentra en Tegucigalpa una misión del FMI evaluando las cifras económicas para ver si amplía un acuerdo ‘stand by’ cuya vigencia de un año finaliza este mes.

Pero a la llegada de la misión, Zelaya dijo que “Honduras no tiene necesidad de un acuerdo con el FMI, Honduras ha superado todos los indicadores de un país que puede sostenerse sin el aporte del Fondo”.

Allow me to translate.

The Honduran president, Manuel Zelaya, this Friday strongly criticised the International Monetary Fund (IMF) and reiterated that “there is no obligation to have any type of agreement” with the financial organisation.

“The fund is not my father, not my dad and not my mum, to come and tell me what I have to do in Honduras”, said the leader on his return from his trip to Cuba.

Since the 24th February an IMF delegation has been in Tegucigalpa weighing up the economic figures to see if it will extend a ‘stand by’ agreement whose period of one year ends this month.

But on arriving at the delegation, Zelaya said that “Honduras has no need for an agreement with the IMF, Honduras has surpassed all the indicators of a country that can look after itself without the support of the Fund.”

FMI cuestiona la adhesión de Honduras al Alba

A la polémica adhesión de Honduras a la Alianza Bolivariana de las Américas (Alba) se ha sumado el Fondo Monetario Internacional (FMI) que ha pedido explicaciones sobre las repercusión económica que tendrá dicha incorporación y sus consecuencias con su antiguo socio EEUU.

El FMI se ha sumado a la quejas anteriormente realizadas por el Consejo de la Empresa Privada (Cohep) junto con algunos partidos políticos y la Coalición Patriótica sobre las consecuencias futuras de la próxima incorporación de Honduras que se cree que podrá perjudicar en las relaciones con su actual socio estadounidense.

Gracias a Petrocaribe, el presidente venezolano, Hugo Chávez suele proponer a sus socios la creación y fortalecimiento de Banco del Sur, como una opción para prescindir de los organismos de financiamiento liderados por el Banco Mundial (BM), el Banco Interamericano de Desarrollo (BID) o el mismo FMI, afirmó el representante FMI, Mario Garza.

Ayer, ya el (Cohep) de Honduras, criticó la adhesión del país a Alba, al considerar que la operación podría “incomodar” a EEUU y las relaciones comerciales entre ambos países. Entre otros, los países miembros del organismo sonb Venezuela, Bolivia y Cuba.

El ente empresarial calificó el Alba como una alianza política y militar que conspira contra el ejercicio de las libertades individuales y la libre determinación de la sociedad. Opinión que ha sido apoyada por el Partido Liberal y el propio presidente del Congreso, Roberto Micheletti, que afirmaron que no firmarían el tratado.

Let me translate once more.

IMF Questions Honduras Ties To ALBA

The IMF has joined in on the question of the controversial entrance of Honduras to the Bolivarian Alliance of The Americas (ALBA), asking for explanations on the economic repercussions which the aforementioned incorporation will have and its consequences with its old partner the United States.

The IMF has joined the complaints previously made by the Council of Private Enterprise (Cohep) along with some political parties and the Patriotic Coalition on the future consequences of the upcoming incorporation of Honduras which it is believed could damage its relations with its US partner [hollow laughs at Honduras and US as ‘partners’ – HG].

Thanks to Petrocaribe, the Venezuelan President, Hugo Chávez, usually proposes to its members the creation and strengthening of the Bank of The South, as an option to do away with the financial organizations led by the World Bank, the Interamerican Development Bank or the IMF, said the IMF representative, Mario Garza.

Yesterday, the Council of Private Enterprise criticised the country’s joining ALBA, considering that the act could ‘unsettle’ the US and the commercial relations between both countries. Among others, the member countries of the organization are Venezuela, Bolivia and Cuba.

The business body described ALBA as a political and military alliance that conspires against the exercise of individual liberties and the free determination of society (hollow laughs once more – HG). This opinion has been supported by the Liberal Party, and the president of Congress, Roberto Micheletti, who said that they would not sign the treaty. Other sectors believe that ALBA will last for what remains of Zelaya’s mandate, until January 2010.

Protesters demand return of ousted Honduran president Manuel Zelaya | World news | guardian.co.uk

The 56-year-old president, looking dishevelled but calm, said he had been expelled by “rightwing oligarchs” and promised to return to Honduras.

Zelaya, who had been in office since 2006, was ousted after clashing with the judiciary, congress and the army over proposed constitutional changes that would allow presidents to seek re-election.

The US and European Union joined Latin American governments in denouncing the coup.

In Honduras, however, the establishment rallied around the army’s action.

Congress named an interim president, Roberto Micheletti, who announced an immediate curfew for Sunday and Monday nights. The country’s leading court said it had authorised the toppling of the president.

I think it’s fairly obvious why there has been a coup in Honduras.

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