Hemisphere Focus - Vol. 06, Issue 5 — December 15, 1998
December 15, 1998
· Chavez: 56 percent of the vote.
· Stunning defeat of two traditional political parties, Accion Democratica (AD) and COPEI.
· Ambitious political reform program raises potential questions of constitutionality.
· Little room to maneuver on economic front - dangers of growing recession, continuing low oil prices, budget deficit, probable devaluation of the Bolivar