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...by stealth, although Mr Ramírez pointedly said: “This is not a devaluation.”...
...For Humberto García, an economist with the Central University of Venezuela, “a real devaluation has to happen at some point, the government has really no other option but to act or the situation is going...
...Nonetheless, “Correa is not just political muscle and lots of politicking, like Chávez,” says Franklin Ramírez, a sociologist at FLACSO university in Quito....
...Humberto Calderón Berti, a former energy minister, warned that Venezuela might also seek conversion of the Orinoco projects into state-majority joint ventures....
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