Cash short Venezuela negotiating loans from Brazil

Saturday, May 23rd 2009 - 15:29 UTC

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Venezuelan President Hugo Chavez, whose administration is facing cash shortages as oil revenues plunge, is negotiating loans from Brazil's development bank to fund infrastructure projects, revealed the Brazilian newspaper Folha de Sao Paulo. Read full article

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Bubba
This is the same guy that was buying up Argentine and Brazillian debt last year. Seems the checkbook has gotten thinner. Let us see exactly how many of his socilaist brothers will loan him some money...
May 24th, 2009 - 03:27 pm - Link - Report abuse 0
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