Referendum will keep him in power, but Venezuelan economy makes it 'irrelevant'
(NEWSER) - Hugo Chavez has a slight lead in tomorrow’s referendum that would allow him to extend his rule in Venezuela, but the realities of the country’s economy make the issue “mostly irrelevant,” Edward Schumacher-Matos writes in the Washington Post. No matter the outcome, his days are numbered. The steep drop in the value of oil, which accounts for 95% of Venezuela’s revenues, spells his doom. More»
