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index-December-2009-1.html English News Blog for  Venezuela English News Blog December Archive 

newly launched is Venezuela assembly's radio station

12/22/09 17:58

Lawmakers that are proving to be loyal to President Chavez has inaugurated a state-run radio station, and so, on Tuesday. This station would now replace a previous broadcaster of which had sandwiched criticism of the Chavez, socialist leader, between jazz and salsa music.

Read more: newly launched is Venezuela assembly's radio station [click]

Tags: radio station • revoked his license • national assembly • sandwiched criticism •
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after a scandal, Venezuela had actually tripled deposit insurance

On Wednesday, Venezuelan lawmakers had tripled insurance coverage on bank deposits by somewhere around fourteen thousand dollars, then had sharply raised the premium of banks, in a move that strengthens financial regulation, as well as aims to calm savers. This would be coming now after a series of small bank failures.

Read more: after a scandal, Venezuela had actually tripled deposit insurance [click]

plan to launch regional currency is being criticized

Rather than the United States dollar, there are some Latin American, as well as some Caribbean nations that would be using a new currency, for trade amongst each other, but it seems as though they will have a lot of trouble succeeding. This is according to some analysts, who had said so on Monday.

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now widening, is the Venezuela banking scandal

What had first begun, as simply what would seem to be a routine government intervention into a small number of failing banks, has now grown into such a scandal of corruption in Venezuela, that it is claimed to be the political career of a most trusted aides, of President Hugo Chavez.

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Chavez says that Venezuela is to probe bank irregularities

Hugo Chavez, who is the Venezuelan President, had made it very clear to the people that the government is studying “irregularities” in the operations of a few banks. He said also, that not all private lenders fail to comply with regulations, but this came after he had threatened to nationalize the industry.

Read more: Chavez says that Venezuela is to probe bank irregularities [click]

there is now, between Colombia and Venezuela, a 'Berlin Wall'

An illegal trade embargo that is becoming like a "Berlin Wall" is currently being put up by the Venezuelan government, according to Colombian President, Alvaro Uribe. This would easily be cutting off a few South American neighbors.

Read more: there is now, between Colombia and Venezuela, a 'Berlin Wall' [click]

Venezuelan banks are being threatened by Hugo Chavez

President Hugo Chavez of Venezuelan had sent a warning out to the nation's private bankers on Sunday saying that they must soon comply with the law or they would have to face nationalization, regardless of the size of their bank.

Read more: Venezuelan banks are being threatened by Hugo Chavez [click]