Originally Posted by Katie Valk
Will certainly affect countries in Petrocaribe, including Belize:

Belize has to pay 40% of the fuel bill upfront, within 90 days, but the remaining 60% of the cost is to be paid over a period of 25 years. There is a 2-year grace period, so Belize has 23 years to repay Venezuela at 1% interest per annum.

And more:

http://amandala.com.bz/news/petrocaribe-concerns-belize-deal-remains-intact-official/

Rememba the 20 million for Housing under Said? Long history.

Chartered planeloads flying to Venezuela for eye surgeries, all expenses paid.

Generous Embassy

Whole lot of things.

Petro-diplomacy..


Well, it appears that Venezuela imports products from America. The only way to offset the cost of those imports and exchange currency, dollar for dollar is to export the same dollar amount to America. That coupled with a debt to China is obviously causing economic problems for Venezuela. It's great to believe in socialist ideals but the first step is to stabilize the economy. This is a case where ideology has gotten in the way of pragmatism.