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CARACAS-President Hugo Chavez on Wednesday warned he is reviewing Venezuela's ties with Spain, escalating a dispute that erupted between the former colonial power and the major oil exporter when Spain's king told him to "shut up."Chavez, who has nationalized swathes of the economy this year in a drive to create a socialist state, [[[has demanded King Juan Carlos apologize for reprimanding him and threatened Spanish investments, especially in the banking sector]]](1).{{{"We do not want to hurt ties, but right now I am conducting a detailed review of the political, diplomatic and economic ties with Spain,"}}} the Cuban ally told local television.{{{"This means Spanish companies are going to have to show what their businesses are doing. I am going to take a look and see what's happening in those companies," }}}he added.Chavez, who rails against "imperialism" and calls capitalism an evil, has named banks Grupo Santander and Banco Bilbao Vizcaya Argentaria SA as possible targets, saying the OPEC nation did not need Spanish business.Spain, a top investor in the region, has sought to ease tensions through diplomatic channels and says it wants ties to return to normal after the flap at a weekend summit of leaders from Latin America and Iberia.As well as testing relations with Spain, the controversy has sparked headlines around the world and eclipsed debate in Venezuela over Chavez's effort to win approval in a December 2 referendum to expand his powers, including ending term limits.Earlier this year, Chavez took over the biggest phone company in Venezuela, seized oil majors' assets and also threatened to nationalize the whole banking sector.To read more go to:
PS:Here it goes again Mr.Hugo"BULLY" CHavez.....that's all he knows to do,is bullying......And according to (1) he is "demanding an apology from the King of Spain......"of all things.....He is a lost case and a nut case....but a bad kind of nut....
As in the days of Noah...
