Morales opts for a pragmatic Bolivia (Financial Times)

[I]n recent months La Paz appears to have been seeking greater independence from Venezuela and this radical Latin American axis.

Mr Morales, flush with energy revenues and a sense of importance from his position in the region, has shown signs of moving closer to more moderate regimes in the region, such as Brazil and Argentina, and of reaching out to long-time foes including Chile and the US.

Nowhere is the shift clearer than in Bolivia’s crucial energy industry. At the beginning of May Mr Morales announced the nationalisation of the gas industry. That was shortly after he had signed a trade pact with Hugo Chávez, Venezuela’s president, and Cuba’s Fidel Castro.

But after months of negotiations, Bolivia opted for a more pragmatic deal with 10 foreign companies, including Petrobras of Brazil, BG of the UK, Total of France and Spain’s Repsol.

Pragmatism is just another term for accepting that the End of History won’t be skipping your nation.


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