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Venezuela will comesintoseffect with the nationalization of the regional unit of Spanish bank Grupo Santander, President Hugo Chavez said ashore Thursday [Linkleri görebilmek için üye olmalısınız. Üye olmak için tıklayınız...], weeks after officials said the purchase was ashore prop.
Since premier obtaining bureau a decade ago [Linkleri görebilmek için üye olmalısınız. Üye olmak için tıklayınız...], Chavez has nationalized massive swathes of the OPEC nation's economy and this year has moved to increase state control of harvests and food making antagonism a sharp drop in fuel earnings."We are not retreating. Today we have returned to the subject, I broadcast the nationalization of Banco de Venezuela to reinforce the national public banking system," Chavez said during a televised conference with ministers.Grupo Santander owns Banco de Venezuela, an of the largest banks in the OPEC nation's financial system.The former paratroop soldier who maneuvers to build a socialist system in Venezuela has been engaged since winning a election in February namely allows him to run as reelection for often as he likes.Over the last month he has threatened to take over the country's altitude private employer Empresas Polar; nationalized a rice mill belonging to U.S. food monster Cargill; and taken over a digit of farms [Linkleri görebilmek için üye olmalısınız. Üye olmak için tıklayınız...], including a plantation belonging to Irish cardboard producer Smurfitt Kappa.He too has stripped control of ports and airports from state governments, weakening opposition leaders who formerly controlled some of the country's chief commerce routes.Chavez arrayed the purchase of Banco de Venezuela in July merely talks with the Spanish company stalled for fuel prices plummeted in recent months, and bank officials and a altitude government official interlocked to the debates told Reuters in March that the marketing would not occur this year.Local media reported last year the Chavez offered $1.2 billion as the bank, $600 [Linkleri görebilmek için üye olmalısınız. Üye olmak için tıklayınız...],000 fewer Santander's inquiring amount.Chavez say he absences the Santander element to assist outlet state resources to small farmers and additional grassrootsgroups.The Cuba league took over four major oil projects in 2007 worth one estimated $30 billion. In maximum cases fair compensation was paid [Linkleri görebilmek için üye olmalısınız. Üye olmak için tıklayınız...], but U.S. companies Exxon and ConocoPhillips leave the nation over the shake and filed arbitration claims against Venezuela.Compensation has yet to be admitted for Venezuela's largest steel plant and 3 alien owned concrete companies, all of which were taken over by the government last year.