Venezuela president says seeking financing to offset oil fall

[Zorro]

Venezuela President Nicolas Maduro said on Tuesday evening he was seeking financing to counter a dramatic fall in oil prices that have hurt the cash-strapped OPEC country but did not provide further details.

"We're looking for resources," he said during a speech to unveil a plan to combat the "economic war" he blames Venezuela's recession and shortages on.

"We're dedicated, 24 hours a day every day, to looking.... so that the country can function," added Maduro, who visited a flurry of countries including China during a nearly two-week tour earlier this month.

With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and hiked pressure on the government to find fresh funds amid a recession and shortages of basic goods.

http://news.yahoo.com/venezuela-president-says-seeking-financing-offset-oil-fall-012411098--sector.html

The day of reckoning is fast approaching.

[COLGATE4]

1. "Please, Sir. May I have more gruel?" nt

[Bacchus4.0]

2. Notice where he doesn't go looking for funding? His neighbors despite this supposed new alliance

created CELAC and the other alliances ALBA, Mercosur. Nobody wants to throw their money away by investing in the inept criminal Maduro regime.