Friday, May 04, 2007

el otro zapato

And, now that he has the oil, it didn't take long:

Venezuelan President Hugo Chavez on Thursday threatened to nationalize the country's banks and its largest steel producer, accusing them of unscrupulous practices. "Private banks have to give priority to financing the industrial sectors of Venezuela at low cost," he said. "If banks don't agree with this, it's better that they go, that they turn over the banks to me, that we nationalize them and get all the banks to work for the development of the country and not to speculate and produce huge profits."

....Chavez's government has already begun nationalizing the country's largest telecommunications company and the electricity sector.

It also took control of Venezuela's most promising oil fields and refineries from foreign oil companies processing crude in the Orinoco River basin Tuesday.

No comments: