VIO News Blog

April 30, 2009

New Venezuelan Central Bank Head Appointed

Dow Jones reported yesterday that Venezuela’s National Assembly approved President Chavez’s decision to nominate Nelson Merentes to head the country’s Central Bank.  Merentes, who was Finance Minister from 2004 to 2007, was in charge of the purchasing and selling of structured notes made up of sovereign debt from other Latin American countries who sought to end their dependence on the International Monetary Fund.  The presidency of the Central Bank has been vacant since the death of its last president in December of last year.

The Washington Post has published yet another editorial encouraging the Obama Administration to adopt a harder line towards Venezuela.  According to the Post, the judicial measures taken against several government opponents facing corruption charges are evidence of a “a major new campaign against what remains of Venezuela’s democracy”.  Not mentioned in the heavily biased editorial is the fact that pro-government figures, like ex Mayor of Caracas Juan Barreto, are also being prosecuted for crimes involving corruption.

Political comment pieces in the Washington Times and the Kansas City Star include short references to President Obama’s friendly handshake with President Chavez at the Summit of the Americas in Trinidad.  The Washington Times refers derisively to the “cerebral president’s” courteous attitude towards “America-hater Hugo Chavez”, despite the fact that the Venezuelan president has often stated that, while he had serious differences with the Bush Administration, he has wished to maintain the best possible relations with the people of the United States.

Finally, the Los Angeles Times has reported that a Florida pharmacy confirmed that a medication given to 21 prized polo horses from Caracas that died at the US Open polo tournament had been incorrectly prepared.   Franck’s Pharmacy of Ocala, Florida announced that “the strength of an ingredient in the medication was incorrect.”

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