Re:Egypt demands over $1B in damages after Suez Canal blockage
by joshuaissac on Sunday April 04, 2021 @08:11AM
(#26688824)
> Egypt nationalized (stole) the canal
Nasser paid full compensation for shareholders based on the share price of the company on the Paris Stock Exchange, as he had said he would before the nationalisation.[1] So this was not much different to the nationalisation of companies in the UK that had been happening around the same period,[2] or to the compulsory sales that happen even now in the US.[3]
> only reason they were not bombed to oblivion was that it suited US goals
There was also the Soviet threat against the UK and its allies in the war.
Nasser paid full compensation for shareholders based on the share price of the company on the Paris Stock Exchange, as he had said he would before the nationalisation.[1] So this was not much different to the nationalisation of companies in the UK that had been happening around the same period,[2] or to the compulsory sales that happen even now in the US.[3]
> only reason they were not bombed to oblivion was that it suited US goals
There was also the Soviet threat against the UK and its allies in the war.
1. https://www.irishtimes.com/news/suez-affair-highlighted-brit...
2. https://www.bbc.co.uk/bitesize/guides/zsd68mn/revision/6
3. https://www.wsj.com/articles/trump-orders-chinese-firm-to-se...