Venezuela ranks third in Unasur's military expenditure
Brazil and Colombia ranked first and second in military expenditure out of the 12 member countries of the Union of South American Nations (Unasur) between 2006 and 2010, according to a report issued by Unasur s Center for Strategic Defense
The twelve member countries of the Union of South American Nations (Unasur) spent USD 126.11 billion in military expenditures between 2006 and 2010. Brazil (43.7%) and Colombia (17%) ranked first and second on the list, reported the intergovernmental union based in Quito.
Venezuela ranked third (10.7%), followed by Chile (9%), Argentina (8.3%), Ecuador (4.5%), Ecuador and Peru (4%).
The military expenditure of Unasur countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela) almost doubled, from USD 17.65 billion in 2006 to USD 33.2 billion in 2010, according to Unasur, as reported by AFP.
Despite the increase in military expenditure throughout the period, "total defense spending in the region as a percentage of GDP remains stable over the five-year period, and averaged 0.91%," the document added.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."