On Tuesday, Venezuelan finance minister Rodolfo Marco Torres presented the outline of the 2015 government budget, which features heightened investment in pension programs, healthcare, and university expansion.
By Joe Emersberger – TeleSUR English, Oct 20th 2014
Emersberger responds to the recent opinion article “Paralysed Venezuela vs Thriving Bolivia”, arguing: “Maduro’s government, like that of Chavez before him, is facing an economic war and other forms of destabilization. The lesson from Bolivia isn’t that it must try harder to win over foreign and domestic elites. On the contrary, Bolivia’s example offers ways to fight more effectively.”
Venezuelan foreign minister Rafael Ramirez alerted press Friday that his cabinet has “received instructions from the president to request an extraordinary OPEC meeting.” Ramirez was the head of state-owned petroleum corporation PDVSA until a September cabinet shakeup.
By Hernán Luis Torres Núñez – Aporrea.org, Oct 14th 2014
Hernán Luis Torres Núñez, a frequent economics commentator on leftist Venezuelan community forum Aporrea, argues that Venezuela should learn from Bolivian president Evo Morales’ pragmatic style of governance for “21st century socialism”.
Over the weekend Beijing funneled another US$2 billion into the Joint Chinese-Venezuela Fund, for use in Venezuelan government’s ever-advancing housing mission. This morning the US finance journal Bloomberg fueled investors’ fears of default by claiming hedge funds are circling to fill in “a vacuum” in Venezuela’s bonds.