Raul Castro Rejects Privatization

Cuban President Raul Castro rejected rapid privatization and vowed never to pursue "shock therapy," setting the tone for a Communist Party congress reviewing progress in revamping the island's moribund Soviet-style economy.

Cuban President Raul Castro rejected rapid privatization and vowed never to pursue "shock therapy," setting the tone for a Communist Party congress reviewing progress in revamping the island's moribund Soviet-style economy.