Caribbean Report: Panama's green gold tarnished by ongoing EU spat

From: New Pittsburgh Courier | Date: December 30, 2000 | Copyright information

CARIBBEAN REPORT: Panama's green gold tarnished by ongoing EU spat

PANAMA--For workers at the Atlantic Banana Cooperative in Panama's sun-blasted Bocas del Toro province, the December morning should have been a time to pop open a beer and celebrate a community triumph.

But a hush hung over the packing shed when the 348 men and women took full ownership of Finca 72 after nine years of hard work to pay back a $7.2 million bank loan. Hit hard by falling banana prices and a bitter 7-year dispute with the European Union over access to markets for Latin American bananas, the 1,350-acre farm's new ...

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