Friday, March 14, 2008
Venezuela Now Demands Euro Payment
Venezuela's Petroleos de Venezuela, PdVSA, is now demanding euros instead of dollars in payment for some oil sales, a company spokeswoman confirmed Friday. 'Oil Minister Rafael Ramirez has noted that PdVSA has has worked on some deals to make sure it receives european currency as payment,' a spokeswoman for PdVSA confirmed.
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About time -- and almost too little too late. I know that one has to be reasonable about the timing of these things, but the timid little old ladies who are apparently running the Bolivarian Revolution must be a little more forceful about this stuff. Besides the constant media bluster, I mean.
ReplyDeleteThe U.S. Dollar has to go. Bottom line.