Venezuelan finance minister does not rule out substitute for Sitme
The minister says he spoke to President Hugo Chávez last December 28
The finance minister stated that Sitme "had to come to an end" because "it was fed inadequately through two sources: government and state-owned oil company Pdvsa's indebtedness."
Giordani admitted that Venezuela's devaluation will have inflationary effects, and indicated that the rise in the price of some products had been reported prior to the adoption of the economic measure. "We have been hit (by inflation) in the latest months, namely October, November, December, and even January..."
"Inflation is associated with a problem in domestic output; it is vital to produce because there is demand," he noted.
Giordani asserted that he has been in contact with Venezuelan President Hugo Chávez, particularly last December 28 when Chávez called him asking specific questions about all the economic actions.
Translated by Jhean Cabrera
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.