[NewsMax] Joachim Bamrud - Nicaragua's new left-wing president has begun building a strategic alliance with Iran. The president, Daniel Ortega, headed the Sandinista junta that ruled Nicaragua with the support of Castro's Cuba and the Soviet Union back in the 1970s and 1980s. Iran is set to pump nearly $500 million into Nicaragua to build a new hydroelectric project, invest in a new port and build 10,000 new houses, Ortega announced in early August. "An Iranian embassy in [Nicaraguan capital] Managua is worrisome for Nicaragua's neighbors because Iran doesn't travel alone: It comes with terror and terrorist organizations, such as Hizbullah," warns Jaime Daremblum, a senior fellow with the Hudson Institute.
2007-08-16 01:00:00Full ArticleBACK Visit the Daily Alert Archive