VENEZUELA: Into the Red?

Venezuela is the only country in the Western Hemisphere that owes no man anything—it has neither external nor internal debt. Since the death of its bloody, carnal 27-year Dictator Juan Vicente Gómez five years ago, it has also been fortunate in its leader. Like little Guatemala's Jorge Ubico tall, scholarly President Eleazar Lopez Contreras has given the nation a decent, liberal, reformist Government. His term ends next April. Constitutionally, he cannot succeed himself. His people find it hard to imagine that he would attempt to do so by any other means. Fortnight...

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