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Page added on July 5, 2009

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Chavez paints Venezuela into a corner

President Hugo Chavez has painted Venezuela into a corner.

In the face of lower crude oil prices and free spending to support his Bolivarian Revolution at home and abroad, the country’s cupboard is bare. Potential foreign investment into Venezuela has been constrained by several rounds of expropriations, in oil, steel, cement and other “strategic” sectors. The potential of removing Chavez from power through democratic means has been muted by his rigging of the constitution, political system and media.
CalgaryHerald



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