ESPACIO PUBLICITARIO
CARACAS, Wednesday February 06, 2013 | Update
 
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ECONOMY

Opposition deputy: The Venezuelan gov't targets gold to negotiate debt

Venezuela's opposition deputy Américo De Grazia dismissed China-Venezuela agreement over gold mines

Deputy Américo De Grazia
EL UNIVERSAL
Wednesday February 06, 2013  01:37 PM
Referring to the recent apportionment of Venezuelan gold mines (Las Cristinas and Las Brisas) to Citic Group by the Venezuelan Government for exploration and production, opposition Deputy Américo De Grazia said that Venezuela had found the highest bidder.

Venezuelan authorities "are seeking the highest bidder and they have found it. That is why we have regarded this as a fraud against the nation," De Grazia remarked, adding that the "government has plans to use the natural resource as a means to negotiate its own debt."

The opposition leader stressed that said negotiation "is by no means beneficial for Venezuela and will rather lead to increased debt or could be used to pay the current debt with gold and diamonds (...)."

Translated by Jhean Cabrera
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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