Oct
29
2010
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VenEconomy: Venezuela in Permanent Mourning

This article was originally posted by The Latin American Tribune

President Hugo Chávez has decreed national mourning for the death of Néstor Kirchner, the former president of the Argentine Republic, secretary general of Unasur, and, as the decree says, “his brother and comrade, his route companion.” And the purpose of this national mourning is apparently to “meditate in sorrow on the work of this immense American.”

The communiqué sings the praises of Néstor Kirchner because it was as a result of the “clear leadership, unbreakable courage, and determination of this faithful heir of the great Juan Domingo Perón that Argentina rose from the ashes to which neoliberal capitalism wanted to reduce it to once again find the place that was always reserved for it in the field of free and independent nations.”

Regardless of whether this national mourning was appropriate or not, its declaration gives food for thought.

First of all, it would have been commendable had the Chávez administration extended similar courtesies upon the death of Luis Herrera Campins (2007) and Rafael Caldera (2009), two former Venezuelan presidents who died during Chávez’s terms in office and who have earned many more credits in the struggle for the democracy and freedom of the peoples of America than Kirchner.

Not only that, thousands of Venezuelan families would also have liked to hear during the President’s constant marathon broadcasts even the slightest word of condolence for the loss of their loved ones at the hands of criminals. According to the report “A decade of impunity in Venezuela (1998-2009)” by the Venezuelan Violence Observatory (OVV), more than 120,000 Venezuelan have fallen victims to crime and Chávez has been heard to say little, not to say nothing, by way of regret for the useless loss of those lives.

Another thought that comes to mind is that this contempt for everything that does not fit in with the revolutionary context has led Chávez to want to rewrite the history not only of Venezuela but of other nations as well.

Just as today he turns a dictator such as Perón into the “great Juan Domingo Perón,” so has he tried to erase Venezuela’s historical roots and great leaders of democracy from its collective memory. That is why he has renamed squares, parks, avenues, and freeways to remove the names of the country’s leaders, as he did with Rómulo Betancourt Park, which today carries the name of Francisco de Miranda.

In short, sadly “the State has ceased to serve constitutional freedoms and guarantees in order to serve a totalitarian ideology,” as former Ambassador Diego Arria put it this Wednesday at VenEconomy’s seminar “Venezuela 2010-2012?”

 
Sep
8
2010
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VenEconomy: Empty Words

This article was originally posted by Latin American Herald

Planning and Finance Minister Jorge Giordani denied outright that Venezuela would fail to meet payment of its foreign debt and fall into default.

According to the explanation he gave José Vicente Rangel in an interview broadcast by Televen, “Throughout its history, Venezuela has honored its commitments, and particularly during these ten years thanks to the political will of the government headed by President Chávez to honor them.”

Perhaps because he was too young at the time or because his mind was on other things, Giordani does not remember the 1981 debt crisis, during the Luis Herrera Campins administration. Nor does he seem to remember the debt crisis at the beginning of the 20th century, when the British were given control of customs posts in order ensure servicing of the foreign debt of the day. Much less does he remember the many liabilities that this government has failed to meet as a result of expropriations and other matters subject to international treaties.

However, the important thing here is not the minister’s bad memory, what’s important is that, in his arguments for discarding default, he gave no hint of the elements that would guarantee payment in the future of the gigantic foreign debt incurred by this government. Among other things, he could have indicated where the resources for the payments will come from and which surplus or cash flow will be used to cover them, all relevant data, particularly bearing in mind that, for more than five years, both the national budget and the balance of payments have been sustained thanks to fresh borrowing.

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