VIO News Blog

February 3, 2009

Venezuelans Celebrate 10 Years of Revolution

Yesterday, President Chavez again expressed hope for better relations between Venezuela and the U.S. and vowed to accept any result in the February 15th referendum, saying: “If we lose, we lose.”

The comments were made in an interview with CNN on the occasion of his tenth anniversary in elected office. Chavez welcomed talks with Obama, saying “I wish we could restore relations to the same level we had with President Clinton.” He questioned the ability of the U.S. to reduce its high levels of oil consumption,” and highlighted the dense economic ties between the U.S. and Venezuela: “We employ thousands of workers in the United States… We give aid to hundreds of thousands of poor families in the United States with our heating oil program.”

Crowds in Caracas yesterday cheered the anniversary of Chavez’s first swearing-in (see image above). AFP reports that, then years later, the leader maintains 57 percent approval ratings. Voters will decide in less than two weeks whether or not to allow Chavez chance to compete for a third term. According to the rector of the Central University of Venezuela: “There have been errors and inefficiency in these 10 years but also positive changes for the country that should not be reversed.”

Caracas also hosted a summit of the regional group ALBA yesterday. In attendance were leaders from Ecuador, Bolivia, Dominica, and Cuba. The AP reports that the countries agreed to create another joint fund  to help boost agricultural production and offset high food prices.

Finally, in economic news, Reuters reports that Venezuelan officials  have no plans to devalue the currency or raise taxes at home. Meanwhile, according to Bloomberg, Finance Minister Ali Rodriguez said yesterday that Venezuela reduced its combined foreign and domestic debt last year by $150 million to reach an amount of $43 billion. This makes the debt equal to just 13.5 percent of GDP, a very strong ratio compared Venezuela’s past figures as well as current ones in the US and UK.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: