Headline: Embattled Chávez makes a last stand Source: Euromoney Date: January 2002 Author: Felix Salmon With its economy already weakened by falling oil prices, Venezuela’s suffering is being intensified by the actions of president Hugo Chávez, whose populism is rapidly losing all support. More conflict is likely.
Venezuela’s president, Hugo Chávez, prides himself on knowing the will of his people. The former coup leader eventually gained power democratically, on a platform of dismantling the corrupt elite and redistributing Venezuela’s oil wealth to all its citizens. |