With the fall of oil prices now under $90 dollars a barrel will Hugo Chavez run out of money? The problem there is the entire economy has basically withered away (with the exception of oil) under his terrific leadership. He is now talking about austerity budgets for 2009. Could it be that the WW financial crisis and resulting economic slowdown will spell the end for him?
What will happen to some of his client states if his financial tap is turned off? I thinking of Ecuador, Bolivia, and Argentina. Probably no more sweetheart loans to Argentina. Is this why the K's are eating crow and out trying to settle with creditors? Perhaps they realize the country is going need to start borrowing soon. My guess is all these governments are going to see tough times ahead.
What will happen to some of his client states if his financial tap is turned off? I thinking of Ecuador, Bolivia, and Argentina. Probably no more sweetheart loans to Argentina. Is this why the K's are eating crow and out trying to settle with creditors? Perhaps they realize the country is going need to start borrowing soon. My guess is all these governments are going to see tough times ahead.