Chavez Threatens to Seize Banks to Guarantee Agricultural Loans
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Venezuelan President Hugo Chavez threatened to take over the country’s banks if they don’t hand over 40 billion bolivars ($9.31 billion) for agriculture loans this year.
Chavez, speaking on state television yesterday, cited Banesco Banco Universal, BBVA Banco Provincial and Mercantil Banco Universal for giving loans to industrial producers and not to small farmers.