Click
an area of the map for world news.
:
|
From the
April 2002 issue of
World Press Review
(VOL. 49, No. 4)
Viewpoints
Enron's Implosion
Views
from the international press
Rotterdam NRC Handelsblad (independent),
Feb. 9: Tax paradises, according to the popular image, are either
tropical islands with palm trees and beaches, or mountainous
countries with ski slopes....The Netherlands, it appears from
the investigation of the...Securities and Exchange Commission,
figured prominently as a tax paradise for Enron....Enron is
not the first or the only firm to discover the tax paradise
on the North Sea. Countless multinational companies are officially
headquartered in the Netherlands to make use of the vast panoply
of exemptions, tax reductions, and deals to be made with the
tax authorities.
Sydney The Bulletin
(centrist newsmagazine), Jan. 29: Enron...is generating political
fallout that promises to change once again the regulatory environment
in the United States....In this era of globalization, Australia
will be under considerable pressure to follow where Washington
leads....Enron has started a reformist bandwagon rolling in
Washington. If George W. Bush doesn’t grab the driving seat,
he may well be crushed by it. The same, I suspect, will apply
to John Howard and/or Peter Costello.
—Max Walsh
Havana Juventud Rebelde
(Communist Youth Union), Feb. 10: How far-reaching will the
Enron scandal be? Only time will tell, though up until now,
its tentacles have spread around the globe. The situation isn’t
propitious for the Bush administration, and much less so for
millionaire oil baron Vice President Richard Cheney, who seems
to be the principal executor of the Texas corporation’s interests.
Perhaps Cheney is destined to become the scapegoat, allowing
his boss to star as the movie’s “good guy” and to continue to
lead the great crusade against terrorism.
—Juana Carrasco Martin
Madrid El Mundo (centrist),
Feb. 4: The Enron case, which is making world financial and
accounting firms blush, has also brought about intense debates
over the need for “business ethics,” a nonexistent matter in
the previous triumphal meetings in Davos.
—Julio A. Parrado 
|
|
|
