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More Troubles for Venezuela

Discussion in 'Issues Around the World' started by ethics, Jan 11, 2003.

  1. ethics

    ethics Pomp-Dumpster Staff Member

    More problems abound for Venezuelan president Hugo Chavez as the country's general strike is entering its 6th week. The Venezuelan premier has now <a href="http://news.bbc.co.uk/1/hi/business/2647437.stm">ordered the military to take over control over stocks of food - saying that the strikers are "seeking to murder the Venezuelan people through hunger". </a>

    The main issue is, as ever, <a href="http://news.bbc.co.uk/1/hi/business/2549589.stm">oil</a>. Venezuela is the fifth largest exporter of oil in the world, and the strike is damaging the economy to such an extent that the <a href="http://news.bbc.co.uk/1/hi/business/2644869.stm">World Bank is now freezing loans</a> until the situation "normalises".

    This in turn is affecting the economies of major countries like the US and European Union states, forcing the price of crude oil up. Chavez, a leftist leader has made it his mission to distribute the assets of the oil industry more fairly, to help the poor of the nation. But with the strike showing no sign of abating, how much longer can he hold out?
     

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