Capriles: Venezuela needs no devaluation, but stopping handouts
Opposition leader Henrique Capriles said that the devaluation of the Venezuelan currency has unmasked government authorities. He stated that the government economic steps, which he described as the "red package," are to boost inflation
In his twitter account, Capriles said rather than devaluation, the Venezuelan Government should "put an end to handouts to other countries." The opposition leader remarked that during his presidential campaign he explained that there was no need to devaluate the currency.
Capriles also stressed that expropriations "finished off" domestic production. He added that today some 80% of the products consumed in Venezuelan are imported.
In another twit, Capriles said that the country needs a government capable to foster trust and investments, and to boost domestic production."
Capriles underscored that the government allocated substantial economic resources to President Hugo Chávez's presidential campaign and claimed that the government only cared about winning 2012 presidential election, at any cost.
Capriles added that the lie has been unmasked. "Devaluation and higher inflation is all we know about the red package so far."
Translated by Jhean Cabrera
According to inner surveys performed by the Venezuelan Association of Metallurgical and Mining Industries (AIMM), where 160 metallurgic companies were taken into consideration, 90% of the companies members of this association are "distressed because of their existence or survival in the short term," stated Manuel Eseverri, president of this association.