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Future At The Mercy Of The Health Of Chavez@@@
In more than a decade of President Hugo Chavez's friendship with the government of Cuba, Venezuela has sent money to the island and oil subsidies worth billions of dollars, highlights an article from The Wall Street Journal. According to the newspaper, in 2010 at least 40 percent of all trade with Cuba, Venezuela did.
The volume had become 27 percent the previous year. Overall, the Venezuelan aid and trade in 2010 amounted to 22 percent of annual economic output of the island, says the paper quoted Carmelo Mesa-Lago, professor emeritus at the University of Pittsburgh.
Philip Peters, a Cuba analyst at the Lexington Institute, based in Virginia, told the Journal that "it is hard to imagine that another country is involved in a relationship as large as that."Further :what causes pearly penile papules
The fact is that this relationship is only comparable to that Cuba had with the former Soviet Union, whose collapse after the island had to take the "special period" during which the Cuban economy shrank 35 percent in just three years .
According to Mesa-Lago, a similar situation now with Venezuela "could be a disaster." The "generous" Venezuelan subsidies include sending about 105,000 barrels of oil a day, says the Journal, about half of what economists believe that Cuba needs for energy demand. Under that agreement, he adds, Venezuela pays the Cuban government $ 135,000 per year for each doctor sends Havana, 27 times the average salary received by a doctor in the Venezuelan public mercy health service. Chavez also subsidizes the island with investments, stresses, and "between 2000 and 2011, Venezuela signed agreements for 370 investment projects in Cuba estimated at $ 11,000 million (...) including $ 1,400 million to renovate" the refinery Cienfuegos.
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