Article

2010-07-04 Caribbean-Latin America

Venezuela faces mounting bill from nationalizations

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Posted by Fred 2010-07-04 00:00|| || Front Page|| [3 views ] Top

#1 Is Venezuela too big to fail? Will there be a bailout?

[/snark]

Posted by lotp 2010-07-04 08:15|| 2010-07-04 08:15|| Front Page Top

#2 Why would President Chavez abide by such rulings? That's not the traditional behaviour of socialist dictators.

Posted by trailing wife 2010-07-04 09:15|| 2010-07-04 09:15|| Front Page Top

#3 IMF Loans go into default if they no listen. Then no diggee wells.

Posted by Shipman 2010-07-04 13:54|| 2010-07-04 13:54|| Front Page Top

#4 President Hugo Chavez's socialist government has ~~taken over many~~ stolen enterprises in the Latin American OPEC member, from small businesses to heavy crude projects worth billions of dollars.

When Venezuela has taken over businesses, it has publicly said it recognizes it will have to reimburse the owners -- but almost none of the more than 220 companies that have been nationalized in recent years have been compensated.

Posted by wt 2010-07-04 20:17|| 2010-07-04 20:17|| Front Page Top

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