Chavez threatens Venezuela unit of Spain's BBVA bank | Reuters

Chavez threatens Venezuela unit of Spain'sBBVA bank Reuters: "- Venezuela's President Hugo Chavez on Tuesday threatened to expropriate any bank that stands in the way of ambitious plans to finance homebuilding and he made specific mention of a unit of Spain's BBVA.
The left-wing president has made similar threats in the past, but most analysts doubt he wants to take over the whole banking system. In recent days a close Chavez aide has twice said BBVA's Provincial unit is up for sale, a claim denied by the bank.
Chavez has accelerated a program of nationalizations throughout the economy since September as he rushes to make the state the key player in most areas of the economy in South America's top oil exporter before presidential elections in 2012."

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