Let see some positive one this
Chavez will be forced to move on...how?...what is remaining to get credit?...the gold in the ground
If Royal Bank of Scotland (RBS) just announced that it has cut its $4.3 billion line of credit....this is just one cut of credit...we'll see more very soon in Chavez's back yard, and...elections are just in the corner, Chavez has to be nice and generous in order to be re-elected
He doesn't have many choices; he must do a move and taking a serious look for the gold in the ground
No time to kick foreign investors out now, no good image to get in trouble with existing ''few'' foreign investors in Vz, no time to look for someone else to mine this gold, he has to take a decision which will be and must be: get the gold out of ground ASAP
Who will give credit to Chavez in such a hard time if he is not showing the gold, WIN-WIN treatment for investors, stability, etc?
In order to get the gold out (get credit, stabilize the budget, bring hope to his people, stability, etc), he has to starts with step no. 1 GET THE PERMITS to concerned businesses/mines, etc
No matter that is in North America, VZ, etc, in order to get credit, you have to show that you are financial solvable first