Financial Times FT.com

Venezuela nationalisations show disarray

By Benedict Mander in Caracas

Published: April 10 2008 19:25 | Last updated: April 10 2008 19:25

President Hugo Chávez’s nationalisation of Venezuela’s cement industry has highlighted the Caracas government’s often haphazard and unpredictable policymaking style.

The initial announcement last Thursday was followed up with a series of confusing and contradictory statements.

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