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View Full Version : Chavez 67% Spending Increase Sets Up Devaluation After Election - Bloomberg



NewsWhore
09-13-2012, 04:30 AM
Chavez 67% Spending Increase Sets Up Devaluation After Election (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE71LcETruYoHUUjGwPwJEi8b4b-Q&url=http://www.bloomberg.com/news/2012-09-13/chavez-67-spending-increase-sets-up-devaluation-after-election.html)
Bloomberg
Chavez's August spending surge is swelling the budget deficit that will compel him to devalue the currency after the vote to bolster revenue from oil exports and shore up government finances, according to Barclays Plc and Bank of America Corp., which ...

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