Venezuela’s Chavez: Libya’s tragedy just beginning with the fall of Gadhafi’s government

Venezuelan President Hugo Chavez said Wednesday that Libya’s crisis is just beginning with the fall of Moammar Gadhafi’s government.

Chavez has been a staunch defender of Gadhafi throughout the conflict, and he condemned NATO airstrikes and killings of civilians.  Read more...

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Venezuela's Hugo Chavez won't recognize Libya rebels

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Even after rebels breached Muammar al-Gaddafi's compound in Tripoli on Tuesday, Venezuelan President Hugo Chavez — a friend and ally of Gaddafi's — said that his country only recognizes "one government" in Libya, "the one led by Muammar Gaddafi."

In a televised cabinet meeting, Chavez accused Western powers of violating international law by aiding the rebels, Reuters reports.  Read more...

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Venezuela to Repatriate Up to $11 Billion Gold Reserves from U.S., Europe

Venezuela's popular democratic President Hugo Chavez said that the recall of the gold reserves is intended to help protect this oil-producing country from the economic woes in the United States and Europe, adding he wants to eliminate the "dictatorship of the U.S. dollar".
"This is a healthy decision. We're going to start to bring back our gold to the Central Bank," Chavez said in a telephone call broadcast live on state television.  Mathaba...

Chavez to nationalize Venezuelan gold industry

Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.

The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs.  | Reuters

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