Dec
2
2011
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In Case You Missed It… Articles Roundup Week of 12/2/11

In this week’s roundup…The Latin American summit being hosted in Caracas this week shines a spotlight on President Chávez questionable health; A prosecutor for the International Criminal Court will consider alleged “crimes against humanity” committed by Chávez and Mexican president Felipe Calderón; Venezuelan officials arrest one of the world’s most-wanted suspected drug kingpins. Meanwhile, Chavez’s newest price controls send consumers “panicking” to stock up on basics items like coffee and toilet paper, and his tight-fisted housing policies have driven a growing number of Venezuelans to invest, ironically, not in Venezuela’s but in Miami’s real estate market.

FACTBOX-Venezuela’s nationalizations under Chavez, Reuters

Venezuelan President Hugo Chavez has nationalized major swaths of the South American OPEC nation’s economy as part of a socialist agenda he has promulgated during nearly 13 years in power. Venezuela was battling about 20 arbitration cases as of late 2011 through the World Bank’s International Center for Settlement of Investment Disputes. Below are examples of companies whose assets have been confiscated.

Latin American summit re-run to test Chavez health, Reuters

Venezuelan President Hugo Chavez hosts a regional summit this week that puts his recovery from cancer at center stage as he begins his toughest election campaign yet. The first meeting of the 33-member Community of Latin American and Caribbean States (CELAC) on December 2-3 was originally meant to be held six months ago to coincide with the 200th anniversary of Venezuela’s independence.

ICC prosecutor to consider complaints against President Chávez, El Universal

Argentine lawyer and chief prosecutor of the International Criminal Court (ICC) Luis Moreno Ocampo said Tuesday that he would consider the complaints filed with the ICC on alleged crimes against humanity allegedly committed by Venezuelan president Hugo Chávez and Mexican president Felipe Calderón.

Venezuela arrests Colombian drug kingpin, The Telegraph

One of the world’s most wanted suspected drug kingpins, who allegedly ran a 1,500-strong gang trafficking tons of cocaine from Colombia to the United States, has been arrested in Venezuela. Maximiliano Bonilla-Orozco, 39, is expected to be extradited to the US, whose government had offered a reward of up to $5m for information leading to his capture.

Venezuela Repatriates First Gold Shipment From Europe, The Wall Street Journal

Venezuelan officials Friday welcomed the first air shipment of overseas gold holdings as part of a controversial move to repatriate the country’s foreign reserves held in North America and Europe. Crates holding gold bullion were shown on state television being offloaded at the capital city’s Maiquetia airport and onto armored vehicles.

Chavez Price Caps Spark Panic Buying of Coffee, Toilet Paper, Bloomberg

Venezuelan President Hugo Chavez’s move to expand price controls this week sparked panic purchases by consumers, leading to shortages of everything from coffee to toilet paper. People are buying more than they need to stock their homes and resell the products at a profit in the black market, Food Minister Carlos Osorio said yesterday on state television.

Venezuelans fuel Miami property boom, The Financial Times

Hugo Chavez may like to indulge in a bit of fist-shaking at the gringos every now and again, but often he can inadvertently be quite useful to what he likes to call the “evil empire”. Most recently, he has helped to power a recovery in Miami’s depressed real estate market by driving a growing number of rich Venezuelans to buy up property in that hotbed of expatriate latinos, thanks to an absence of investment options at home.

 
Oct
12
2010
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VenEconomy: The Wave Continues to Swell

Farc2 VenEconomy: The Wave Continues to SwellThis article was originally posted by The Latin American Herald

Since the appearance of the computers belonging to Raúl Reyes in 2008, the wave of compromising evidence indicating that the Hugo Chávez administration has ties with the narco-terrorist group, the Revolutionary Armed Forces of Colombia (FARC), has not ceased to grow.

Now, this year, new facts have emerged that would seem to corroborate the high level of collaboration maintained by the Venezuelan Government not only with the FARC, but also with terrorist groups such as the National Liberation Front (ELN), and Euskadi Ta Askatasuna (ETA).

On July 22, Álvaro Uribe presented accusations against Hugo Chávez before the International Criminal Court (ICC) and filed a lawsuit against the Bolivarian Republic of Venezuela before the inter-American Court of Human Rights (IACHR).

Both actions have to do with the alleged presence in Venezuelan territory of some 1,500 FARC narco-terrorists, who apparently orchestrated their terrorist activities in order to later carry them out in Colombia. The accusations are backed by proof in the form of pictures and videos as well as by the testimonies of former guerrillas.

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Jul
23
2010
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Venezuelan military warns Colombia against attack

This article was originally posted by Reuters Africa

Venezuela’s army warned neighbor Colombia on Friday it was ready to repel any attacks a day after President Hugo Chavez cut ties over Bogota’s charges that Venezuela was harboring leftist Colombian guerrillas.

Socialist Chavez’s severing of diplomatic relations has ratcheted up tensions between OPEC oil producer Venezuela and U.S. ally Colombia in a volatile Andean region plagued by marauding guerrilla armies and drug-trafficking gangs.

Despite the break-off in ties, the main frontier crossing point between San Antonio del Tachira in Venezuela and Cucuta in Colombia remained open on Friday and vehicles and pedestrians were crossing, witnesses said. There was no sign of any immediate military build-up, although searches at road blocks on the Venezuelan side seemed to have been stepped up.

While most observers believe a military clash is unlikely, Colombia and Venezuela are among the most militarized nations in South America and have sparred and squabbled in the past over border security and guerrillas.

Venezuelan Defense Minister General Carlos Mata appeared on television in Caracas, dressed in green military fatigues and flanked by his top commanders, to declare unstinting loyalty to Chavez and sternly warn the government of Colombian President Alvaro Uribe.

Uribe, who will be replaced by President-elect Juan Manuel Santos on Aug. 7, lately has ramped up accusations that left-wing guerrillas are given free rein in Venezuelan territory by Chavez’s government.

Mata, echoing Chavez’s words, rejected what he called Colombia’s “aggression.” Venezuela has dismissed as lies the charges by Colombia, which presented photos, videos and maps to the Organization of American States to back its allegations about the rebels’ presence.

“The Venezuelan people and the Colombian government should know that the (Venezuelan) Bolivarian National Armed Forces, as guarantor of the nation’s security, will respond firmly if any foreign forces seek to violate our sacred soil,” Mata said.

He said the Venezuelan military, which has some 20,000 troops along the 1,375-mile (2,200 km) porous border, was “operationally prepared.”

Declaring the diplomatic break with Bogota on Thursday, Chavez ordered “maximum alert” on the frontier but there have been no reports of significant troops movements so far.

Most analysts believe the tense stand-off will persist until Santos, a conservative ally of Uribe, takes office.

Chavez has publicly expressed the hope Colombian-Venezuelan relations, which were turbulent with Uribe in power, can be returned to normal under Santos, who has been careful to avoid public comment on the dispute so far.

Santos, who as defense minister played a major role in Uribe’s energetic military sweeps against guerrilla groups like the Revolutionary Armed Forces of Colombia, or FARC, has said he favors dialogue with Caracas.

TIT-FOR-TAT ACCUSATIONS

As the nationalist rhetoric flowed, other Latin American governments, including regional powerhouse Brazil and the Unasur grouping of South American states, were working to try to defuse the crisis through diplomatic mediation.

However, Colombia said it could take its allegations of cross-border attacks by rebels it says are based in Venezuela to the International Criminal Court in The Hague. Bogota says Venezuela is failing in its international obligations by not acting against the drug-trafficking guerrillas.

Mata repeated Chavez’s arguments that Colombia threatens Venezuela by letting U.S. forces use Colombian military bases. “They’re the ones who are putting hemispheric security at risk,” he said in his TV broadcast.

The specter of war in the region arose in 2008 after a Colombian bombing raid on a FARC guerrilla camp in Ecuador. Chavez responded by ordering tanks to the Colombian border in support of his leftist ally President Rafael Correa of Ecuador, who broke relations with Bogota and sent his own troops to the frontier.

Venezuelan government officials have said they could announce further sanctions against Colombia, such as suspending commercial flights, to bolster their rejection of Bogota’s charges about the presence of guerrilla camps in Venezuela.

Chavez, who portrays himself as an anti-U.S. and anti-capitalist standard bearer in Latin America, already had suspended bilateral trade ties last year to protest the Colombian bases deal with the United States.

This slashed bilateral trade to a fraction of the previous $7 billion commerce annually, and analysts say both countries have much to lose if the rift deepens. Millions of Colombians live and work in Venezuela.

Although a war is seen as unlikely, the two countries’ militaries have competing strengths and capabilities.

Colombia’s army, with some 178,000 soldiers, is more than twice the size of the neighboring Venezuelan and Ecuadorean armies combined and is battle hardened in fighting rebels, paramilitaries and drug traffickers. U.S. trainers and billions of dollars in U.S. aid have bolstered their military capacity.

Venezuela’s military, while lacking combat experience, has been strengthened by multibillion-dollar arms and equipment purchases in recent years.