The case is a national drama Pdval
Saturday, July 3, 2010


Domingo Maza Zavala, reiterates that the oil is about endeudadaEl former director of the Central Bank of Venezuela, Domingo Maza Zavala, believes that it should return to the private management of food imports. "The case of Pdval is a national tragedy unprecedented in American history," said the economist. He says that PDVSA is in a situation of widening gap, after the company was emblematic of the country. "Now is not on the global list, fell into debt because they have overburdened productions and tasks that do not belong and which are not ready as evidenced by the case of Pdval" he says.


Maza Zavala said that PDVSA has failed to overcome the trauma of the oil strike and doubled the payroll without performance has increased. "The state of the facilities deserves special attention, the production capacity has deteriorated, has not expanded the productive potential in the traditional and conventional areas," he warns.

PDVSA does not take advantage of the bonanza

To Maza Zavala PDVSA can not exploit the boom in oil prices because export capacity has vanished because the investments are not made in due time or in sufficient quantity, and because it has diversified into activities that do not correspond .

Indicates that President Chavez is engaged in open combat against capitalism and front to found the twenty-first century socialism. "Capitalism has created the world and in Venezuela progressive productive forces within the meaning of technology, quality of life and the diversity of goods and services that are available to the consumer," he said.

"Lack of trust" affects the economic downturn

Maza Zavala claims that Venezuela has become an island of economic recession, isolated in a world that is growing. "

Critical to the strategy pursued by the government is "to strive stubbornly" to transform based on decrees and laws on the socialist economy. Agencies / UR

There is a lack of confidence

The former director of the BCV stressed that the causes of the recession consist only "lack of confidence in the economy, in practically no reproductive investments both public and private, in the uncertain prospect that threatens investors, producers and workers , in the increasingly hostile treatment from government economic and trade union sectors, and the decline of physical volume of the oil industry for both domestic production and for export. "

Indicates that despite the difficulties faced by Latin American countries, the annual average growth rate this year is calculated at 3% separated, when in Venezuela will be below zero.