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- Venezuela nationalizes its 3rd largest bank
CARACAS, Venezuela: President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. Venezuela's Finance Minister Ali Rodriguez Araque (L) greets
- Venezuela assumes control of bank
By Will Grant BBC News, Caracas Nationalisation is a major policy of Hugo Chavez Venezuela has taken formal control of its third largest bank, the previously Spanish-owned Banco de Venezuela. The first instalment of a $630m (387m) price tag was made amid
- Venezuela Nationalizes Country's Third Largest Bank
The Venezuelan government took control of the country's third-largest bank on Friday amid a wave of nationalizations led by President Hugo Chavez. The purchase of Spanish-owned Banco de Venezuela allows Mr. Chavez to tighten the government's grip on the
- Venezuelans celebrate their Independence Day
Members of the tiny Venezuelan community in Jakarta celebrated their country's 198th Independence Day in a cheery fashion Friday evening at the Gran Melia Hotel in Jakarta. Since the actual Independence Day falls on Sunday, the Venezuelan Embassy decided
- A U.S./U.N. Plot Against Anti-Communist Honduras
Zelaya was implicated in drug trafficking from Venezuela into the U.S. Cliff Kincaid Bio The people of Honduras are pleading for media fairness and understanding of how they saved their democratic system of government from an international conspiracy
- U.S. envoy returns to post in Venezuela after expulsion
CARACAS, Venezuela -- A U.S. envoy who was expelled last year by President Hugo Chavez said Thursday he hopes to re-establish dialogue after resuming his post in Venezuela. Ambassador Patrick Duddy also praised the response from governments across the
- Venezuela pays US$1.05b to assume control of Spanish-owned bank
CARACAS: President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. The purchase of the Spanish-owned Banco de Venezuela gives Chavez's government
- Venezuela assumes control of Spanish-owned bank
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. The purchase of the Spanish-owned Banco de Venezuela gives Chavez's government control
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Venezuela was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Ecuador). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically-elected governments have held sway since 1959. Current concerns include: an embattled president who is losing his once solid support among Venezuelans, a divided military, drug-related conflicts along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
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