President Hugo Chavez underlined the significance of the defence cooperation memorandum signed between Venezuela and Argentina which is part of “the necessary strategic integration of the armed forces in the framework of Mercosur and turning the block into a military power”.
President Hugo Chavez denied on Friday that Venezuela was a threat to anyone, after US presidential hopeful Mitt Romney criticized Barack Obama for playing down the risk posed by the socialist leader.
Venezuelan President Hugo Chávez will seek Congress' approval to hike the 2012 government borrowing cap by about a third to 27 billion dollars to help fund a new pension program ahead of his October 7 re-election bid.
President Hugo Chavez said he will be attending at the end of July the coming Mercosur meeting in Brasil when Venezuela will officially become the group’s fifth full member, a decision that has proved controversial and exposed differences inside the Common Market of the South.
Venezuelan head of state Hugo Chavez presided over the ceremony in which 147 Bolivarian National Armed Forces, FANB, officers were promoted to the ranks of general and admiral, including the first woman to hold the highest naval rank.
The formal incorporation of Venezuela to Mercosur next July will benefit mainly Brazil and Argentina since they could considerably increase their exports to the oil-rich country at the expense of the local production sector weakened by the economic policies from the administration of President Hugo Chavez, according to analysts.
Argentina, Brazil and Uruguay made official on Friday the temporary suspension of Paraguay from Mercosur, because of the ‘summary’ removal of President Fernando Lugo and at the same time announced Venezuela will be incorporated to the group on July 31 at a meeting in Rio do Janeiro.
Venezuela's President Hugo Chavez has a 16-percentage-point lead over opposition candidate Henrique Capriles ahead of an election in October, a new opinion poll showed on Tuesday.
Thousands of supporters thronged the streets of Caracas Monday to join cancer-stricken Venezuelan President Hugo Chavez as he registered to seek re-election amid ongoing concerns about his health.
Venezuela's opposition accused the government on Wednesday of turning a blind eye to neighbouring Guyana's oil exploration in a border region claimed by Venezuela, potentially inflaming a territorial dispute that dates back more than a century.