ASSESSMENTS
Venezuela: Chavez Increases Pressure on the Private Sector
Feb 5, 2012 | 14:10 GMT
THOMAS COEX/AFP/Getty Images
Summary
Only days after threatening to nationalize the country's banking industry, Caracas announced a new measure that will require private banks to purchase government bonds. With Venezuela's October presidential election on the horizon, Chavez aims to use this law and another recent requirement on consumer pricing — combined with the threat of nationalization — to force businesses to aid his populist initiatives.
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