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What Senators Dewine, Grassley and Coverdell are saying is a euphemism. In reality, by taking back the regions dominated by the FARC, what the Colombia Plan is proposing to the TNCs is to hand over to them an entire country in which these transnationals already have a strong presence owing to the opening up of its markets and finance and to the wave of privatisations set in motion by the I.M.F., which is putting pressure on the State to reduce its fiscal deficit and obtain foreign currencies to pay back foreign debt. TNCs possess, for example, "85% of the public electricity companies, acquired at prices reflecting gross undervaluation (51% of the Bogota energy company has been sold US$ 2.8 million, one third of its real value; of this amount, US$ 1.1 million has been de-capitalised in 1999)".
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