VIO News Blog

December 12, 2008

United Socialist Party of Venezuela Begins Presidential Referendum Process

The United Socialist Party of Venezuela (PSUV) began collecting signatures yesterday in support of a national referendum on presidential term limits. It will hand the list over to the National Assembly next Thursday, according to Venezuelanalysis, when lawmakers are scheduled to begin debating the measure. The AP does not mention the PSUV, wrongly attributing the signature collection campaign to President Chavez himself. It notes that Chavez expressed in a speech that allowing him to run for election again is “a guarantee of peace.”

Sources report that Manuel Rosales, the former Zulia governor and new mayor of Maracaibo who lost to Chavez in the last presidential race, was charged with illicit enrichment by prosecutors yesterday. The AP, Reuters, and the AFP quote liberally from statements made by Rosales at a press conference after his indictment for corruption, for which he could face three to ten years in jail. Rosales called it “a terrorist trial,” and joked about being accused of assassinating JFK.

An op-ed in the Guardian by former AP Venezuela correspondent Bart Jones suggests that President Chavez “is sure to give more ammunition to his critics” during his bid for reelection. He also says, though, that unlike other politicians in Venezuela including opposition members involved in the 2002 coup, “Chávez has generally remained within the bounds of democracy.”

On the economy, the Miami Herald reports that Venezuela’s 2009 budget has been approved by the National Assembly. Spending is up by 22 percent, despite decreased oil revenues. The Herald deems the budget “optimistic.” However, finance experts in Venezuela have pointed out the country’s foreign currency reserves are high, and that by boosting official spending and reducing discretionary spending, the budget shows increased transparency.

Venezuela is upping its natural gas production with the help of foreign partners, according to Bloomberg. Firms with a minority stake in the first two natural gas plants include Chevron, Mitsubishi, Energia Argentina, and Galp of Portugal. Finally, in oil news, Reuters reports that 19 companies are bidding for contracts in Venezuela’s Orinoco Belt projects.

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