Opposition deputy: The Venezuelan gov't targets gold to negotiate debt
Venezuela's opposition deputy Américo De Grazia dismissed China-Venezuela agreement over gold mines
Venezuelan authorities "are seeking the highest bidder and they have found it. That is why we have regarded this as a fraud against the nation," De Grazia remarked, adding that the "government has plans to use the natural resource as a means to negotiate its own debt."
The opposition leader stressed that said negotiation "is by no means beneficial for Venezuela and will rather lead to increased debt or could be used to pay the current debt with gold and diamonds (...)."
Translated by Jhean Cabrera
Cristian Fonseca, a businessman in La Candelaria district downtown Caracas, was doing the accounts in his small shop office on Sunday December 21, 2008. The Christmas shopping season kept him working late hours into the night. It was around 11 p.m. and his phone rang. A friend broke the bad news to him over the telephone.