MercoPress. South Atlantic News Agency
A ticking economic bomb waits for whoever wins next Sunday in Venezuela
Whoever wins next Sunday’s presidential election in Venezuela faces an economic time bomb with food shortages, insufficient US dollars to pay for imports and honour the country’s debt, a devastated economy full of inefficient nationalized companies and non productive farms plus mounting promises of further handouts from the government and inflation. Read full article
Comments
Disclaimer & comment rulesThis is the result of 14 years of left wing, socialist, Bolivarian economics.......it didn't work in the USSR, China, Cuba & is not working in Argentina
Apr 09th, 2013 - 03:25 am - Link - Report abuse 0But try telling that to CFK & her Kirchneristas, she seems determined to follow the path to self destruction.......& as a famous British PM once said 'the trouble with socialism is that eventually you run out of other peoples money'
RIP Maggie Thatcher!!!
Wow I'm laughing so hard today I don't know where to start.
Apr 09th, 2013 - 06:06 am - Link - Report abuse 0So you can have US$3,000 per year to travel overseas with. PMSL. Admittedly I have travelled for months on this amount, but try spending time in many countries and it would be a bloody short holiday.
Then to find out that nearly US$700 billion dollars from an oil bonanza has been sent out of the country is incredulous. With a huge deficit and increasing debt, it would have been better to leave the oil in the ground. The new Chinese overseers are not going to be pleased if payments stop. They're not like a vulture fund and take you to court.
I've been saying for a while now that I want Maduro to win. Chavismo will collapse and it is better that it collapses while “Chavez's son” is in power to hasten the de denazif.... I mean dechavisification of this poor blighted country.
“We are all Chavez”? Hahahahaha I'm not. I'm too rich and smart to fall for that stupidity. Pity many Venezuelans aren't.
Anglolatino
Apr 09th, 2013 - 10:05 am - Link - Report abuse 0Your problem is that you can't understand how come South Americans don't want to be like you.
Probably you never will, and that is all fine.
South Americans don't want to be like you either Stevie.
Apr 09th, 2013 - 10:27 am - Link - Report abuse 0The problem for them is that most of them are dead and all that's left are the implanted European-descended squatters like yourself.
Stevie, Are you saying that SA don't want to be fed, educated, safe, secure, be able to travel, save for retirement, better future for their children...which ones don't the SA want?
Apr 09th, 2013 - 11:14 am - Link - Report abuse 0Again when you say SA you obviously mean Alba, why do you continue to use the wrong terms?
BTW every hear of Chile, Peru or Colombia?
PLUS YOU DON'T EVEN LIVE THERE HOW WOULD YOU KNOW?
Stevie
Apr 09th, 2013 - 11:50 am - Link - Report abuse 0Travel more and project less and you won't continue to sound so foolish.
Stevie would have to travel at all, to travel “more” :P
Apr 09th, 2013 - 12:22 pm - Link - Report abuse 0Clearly too poor, and on gov dole, to be able to afford even a bus ticket 100 km away, much less another country
@3 So starve. See if we care.
Apr 09th, 2013 - 12:56 pm - Link - Report abuse 0Chavez's Legacy :))) .....Reap the whirlwind, taking notes argentina????
Apr 09th, 2013 - 02:10 pm - Link - Report abuse 0Venezuela
Apr 09th, 2013 - 06:49 pm - Link - Report abuse 0why all the up set,
they think , CFK thinks , others think , he was a god,
their ya go,
thus god will supply all that is needed,
so stop worrying,
the countries doing just fine thanks...
Nice photo, “today's special”. Shelves, two for one.
Apr 09th, 2013 - 06:56 pm - Link - Report abuse 0Who said there was nothing in the shops for sale!
“Your problem is that you can't understand how come South Americans don't want to be like you.”
Apr 09th, 2013 - 09:56 pm - Link - Report abuse 0There he goes again, Stevie, who wouldn't appear to have been to South America trying to speak for all of us.
Again Stevie you are wrong.
Anglotino is an Auzzie and his country, along with NZ are seen by many here as models to emulate. In fact the Chilean government is continuing to deepen ties with OZ/NZ. They have just announced another 1000 high school scholarships for children to study in NZ.
Much like the Chinese have been doing for years, we recognize that to improve we can learn from those who are better than us in many aspects.
Reminiscent of the shops in the Soviet Union “reserved” for the “benefit” of the proletariat.
Apr 09th, 2013 - 10:42 pm - Link - Report abuse 0(@2, remind me never to travel with you, it's the P-O-S-H Traveling Life for me! Flying outhouse not required unless it's attached to a First Class cabin or at least 'Economy' Plus though Pam Ann would never approve.)
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