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The global economy - or at
least the Venezuelan economy is sure to be positively affected by
the recent campaign of President Hugo Chavez buying out debt bonds
from Argentina, Ecuador and Paraguay for nearly US $3 billion. And
now that the governments of Costa Rica and Bolivia have beseeched
Chavez to buy debt bonds of their own, it is apparent that oil-rich
Venezuela has become a forthright leader in the South American
world. The purchase of over half of Ecuador's US$750 million in debt
bonds will allow the struggling country to enter the international
market once again. |
