Mathematician will be responsible for putting Venezuelan inflation back on its feet

Monday, April 22nd 2013 - 07:43 UTC

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President Nicolas Maduro replaced Venezuelan Finance Minister Jorge Giordani, appointing central bank chief Nelson Merentes in his place two days after being sworn in as Hugo Chavez's successor. Read full article

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Anglotino
“speculative factors that influence prices”

That's it Maduro. More of the same asinine voodoo economic policies.

It's government deficits, debt and sheer stupidity that is driving the world's 5th highest (or maybe 6th after Argentina) inflation rate, not speculators.

Most speculation in Venezuela is centred around whether there will be sugar, oil or dunny paper at the local supermarket.
Apr 22nd, 2013 - 09:42 am - Link - Report abuse 0
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The Chilean perspective
Maths PhD?? maybe he should be education minister. The colossal problems facing the Venezuelan economy require nothing less than a PhD in economics from MIT or Harvard.
Apr 22nd, 2013 - 10:39 am - Link - Report abuse 0
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ChrisR
@2

I have to politely disagree with your post.

All that is required to make a massive initial improvement in the financial position of Venezuela is for him to stop providing oil to Cuba (and if necessary kick out their voodoo doctors) and stop oil to AR until the full amount owed for previous oil has been paid and get the money up front for any new shipments, the cost of which should be at a commercial rate.

But this will never happen and as this character has already done two stints at this job so either he is useless or, more probably, political interference by Dead Man Now Rotting screwed everything up.

Do you really think someone educated to PhD in Economics at MIT would waste his time being lectured to by a bus driver?

Never going to happen.
Apr 22nd, 2013 - 01:53 pm - Link - Report abuse 0
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Socialismo
And all the best economists in the world can not solve the FAILED and bankrupt ideology of THATCHERISM and REAGNONOMICS!! People of Europe are living like dogs on the streets because of failed neo-libralism. Thank God Venezuela has free education, health care, laptops in schools, state subsidized housing and sports.I guess its the envy of bankrupt Western economies!!!
Apr 22nd, 2013 - 02:40 pm - Link - Report abuse 0
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ChrisR
4 Socialismo
”People of Europe are living like dogs on the streets because of failed neo-lib(e)ralism.”

Mmmm. How best to reply to this utter nonsense other than to note that since you believe in 'god' your belief in the fairy tale you wrote is understandable.
Apr 22nd, 2013 - 03:15 pm - Link - Report abuse 0
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bertu
Chris R ....... I am from Malta in Europe and for your information we the people of Malta live a decent and a democratic life. If you have never lived in Europe you cannot distinguish who are the dogs in the world. If there were people in Europe that did not care for their education , who were supressed by dictatorship before the change of Europe these people are somehow misrable till their next generation. Their land is fantastic as their late governments have taken care of but the people were abandoned from their first day of life.......... Please do not distinguish as Europe is a multi cultural and a multi national continent ..........................
Apr 22nd, 2013 - 03:58 pm - Link - Report abuse 0
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Conqueror
@4 Heh, heh. Free education = “instead of improving primary and secondary education, the government established the Bolivarian University system in 2003, which designed to democratize access to ”higher education“ by offering heavily politicised study programmes to the public with only minimal entrance requirements.” Heavily politicised, eh! And here's a good bit. “On 14 May 2009, Venezuelan President Hugo Chavez approved lists of books for schools to educate young citizens on socialist ideology. The ”Revolutionary Reading Plan“ will feature theorist Karl Marx, revolutionary Che Guevara, and liberator Simon Bolivar. According to Venezuela's culture ministry, the compulsory book list is being designed to help schoolchildren eliminate ”capitalist thinking“ and better understand the ideals and values ”necessary to build a socialist country.“ This is best described as ”brainwashing“. A typical socialist mechanism. Health care in Venezuela accounts for 4.1% of GDP. In the lowly UK, health care accounts for 8.4% of GDP. ”Private hospitals and clinics and the qualifications of their medical personnel are comparable to U.S. standards. Private health services are costly and “full to bursting.” The Government has accused private hospitals of profiteering; however, state hospitals are “much worse.” 2,000 doctors have left the country in 2006-'08 period.” As of 6 March 2013, inflation in Venezuela is 31.6%. Therefore state subsidised housing. So, no, I don't think anywhere in the West envies wonderful Venezuela. On the subject of education, we note that Venezuela had Chavez and now has Maduro. This provokes two comments. Should have known better. Will they never learn? I'd congratulate you on your English, except that I see it is compulsory throughout 9 grades. But your comment does reflect the Chavez required reading list, doesn't it?
Apr 22nd, 2013 - 04:55 pm - Link - Report abuse 0
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bertu
In Malta , we have one of the best Health Care in Europe were almost all medicine is distributed free from our government and picked from the pharmacy of our choice. This include that our General Hospital is a state of art in Europe. Education is free so for government schools and even within church owned institutions. Students within university and institutions related to advanced level are being given stipends so as to be able to carry on for further education. Child care centers are being formed as to give the chance for working mothers to continue with their jobs. Woman are also given the chance to work reduce hours to be in position to take care of the family after her working hours.

Unemployed is that of around 6% and there are always vacancies for work in all sectors of the industrial community. Pension is given as with regards to your past employment but pensioners are in position to live well and not in poverty. Malta with all the best social networks, best work force as we are adaptable to learn fast and work hard.

And that is Malta ............. with the dogs reared within families as pets.
Apr 22nd, 2013 - 06:11 pm - Link - Report abuse 0
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ChrisR
8 bertu

I think you may be new to this site as I have not seen your tag before.

I cannot understand why you are so defensive as Malta was not even considered in the post I made.

Malta has lovely people as I know from my business days with the manufacturers of sheepskin coats who I was pleased to welcome to our manufacturing site in the UK which among many other agricultural machines made electrically powered animal clippers. They were used to clip the wool off the sewing areas of the sheepskin and give the distinctive look to the coat. Do you know if this industry still exists nowadays?
Apr 22nd, 2013 - 08:37 pm - Link - Report abuse 0
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Anglotino
Bertu I think your response was to Socialismo at post 4 not ChrisR at post 5

Socialismo has obviously failed to do two important things before commenting:
* visit Europe
* visit Venezuela.

Of that we can be 100% sure.
Apr 22nd, 2013 - 08:46 pm - Link - Report abuse 0
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bertu
Malta is within the European Union and since there was a comment ''in Europe people are living like dogs '' I had no other choice but to defend my country men and also my paternal country. As with regards to that company which you mentioned I do not think that it is still in operation, but if you want that I check it out I shall be in Malta by next week ... just give me the name of it .

For more information about myself I am a true Socialist and also my spouse happen to be from Venezuela where I spend most of my months here in South America.
Apr 22nd, 2013 - 09:48 pm - Link - Report abuse 0
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ChrisR
11 bertu

I was referring to the sheepskin coat industry in general, I am sorry but I cannot remember any of the company names as it has been 37 years ago.
Apr 23rd, 2013 - 05:35 pm - Link - Report abuse 0
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cornelius
@#4 You are very confuse my friend !
Apr 23rd, 2013 - 11:53 pm - Link - Report abuse 0
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