ESPACIO PUBLICITARIO
CARACAS, Wednesday February 13, 2013 | Update
 
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OPPOSITION

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

EL UNIVERSAL
Wednesday February 13, 2013  01:06 PM
Venezuelan opposition governor and former presidential candidate Henrique Capriles Radonski said that the Executive Office on Wednesday started to implement the "red package" (government economic moves), upon the enforcement of the new foreign exchange rate, following 46.5% devaluation of the Venezuelan currency with respect to the US dollar.

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
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Dossier
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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