Friday - Sep 21, 2018

Is Venezuela swerving leftwards?


by the El Reportero wire services

Hugo ChávezHugo Chávez

VENEZUELA - What is significant about the nationalisation measures announced by Venezuela’s President Hugo Chávez over the past month, is that the government is not seizing the commanding heights of the economy.

 

­Foreign investors in the strategically important oil industry, with one significant exception, ENI from Italy, do not appear to feel that they are about to be expropriated. More interestingly, the banking industry has not even been threatened.