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International Reports

Ten Years of 'Bolivarian Revolution' in Venezuela.

by Dr. Georg Eickhoff

Hugo Chávez Between Charisma and Bureaucracy

For one decade, comandante Hugo Chávez has been ruling Venezuela, a ruined country that keeps on going downhill. There is a price to pay for the negative impact of the global economic crisis, an overblown state budget largely financed by the export of oil, dwindling oil revenues, the disastrous consequences of a purely distributive policy, and other calamitous developments in the past.

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