Nationalization threats are not to gain Chávez more votes
Alejandro Grisanti, an analyst at Barclays Capital for Latin American markets, stated that although an eventual expropriation of banks would not attract more votes for the Venezuelan president, the move would actually increase the funds that the financial sector will pump into the economy, thus favoring the ruling party in an election year
Alejandro Grisanti, an analyst at Barclays Capital for Latin American markets, said that the nationalization threats made by Venezuelan President Hugo Chávez would not gain Chávez more votes in the presidential election to be held on October 7, 2012.
However, he predicted that the remarks made by the Venezuelan Head of State on Sunday will lead Venezuelan banks to pump more funds into the economy, and this will have positive election effects for the ruling party, amidst increased public spending, said the economist in an interview with Venezuelan radio station Circuito Éxitos.
Dossier
Mafias and politics in the surroundings
Lieutenant colonel Miguel Angel Urrieta was unlucky to have his phone number on Tatiana Orozco's cell phone; who was labeled as "The Queen of the Rebar." That fact and some text messages exchanged with Orozco were enough for public prosecutors to consider him a party to the shady deals with rebar which spread over a scandal from the steel plants of Sidor.
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