Latinnews Daily - 11 November 2003

A former president Julio Marí­a Sanguinetti, has laid into the leftwing Encuentro Progresista-Frente Amplio for stirring up fears over the future of pensions and other liabilities at the state oil, cement and distillery company, Ancap. There is a referendum, on 7 December, on whether the law which ended the Administración Nacional de Combustible, Alcohol y Portland's monopoly on oil refining, importing and exporting should be overturned. The left argues that the change could lead to both a backdoor privatisation and allow the company to reduce pensions and other liabilities.

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