Chavez Concedes Venezuela's Constitutional Reform Lost in "Photo Finish"

Venezuela's National Electoral Council Announced at 1:15am that the No vote against the President's constitutional reform proposal lost 49.3% to 50.7%, with 45% abstention. Chavez conceded that the reform proposal lost "for now."

By Venezuelanalysis.com
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Caracas, December 3, 2007 - Venezuela's National Electoral Council Announced at 1:15am that the No
vote against the President's constitutional reform proposal lost 49.3%
to 50.7%, with 45% abstention. Chavez conceded that the reform proposal
lost "for now."

The vote was divided into two blocks, whereby the first block included Chavez's 33 proposed article changes and the second block included changes proposed by the national assembly. The second block lost with a slightly higher margin, with 51.0% for "No" to 49.0% for "Yes".