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Bolivia and Venezuela resist calls to soften policies

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Bolivia and Venezuela resist calls to soften policies


Venezuela and Bolivia have continued to ruffle feathers, remaining defiant at a summit of EU and fellow Latin American leaders.

Many of those at the Vienna conference tried to get the left-wing leaders of the two countries to soften their policies on foreign investment, energy and trade. “Those who want foreign investment must offer legal security,” said the Austrian chancellor, Wolfgang Schuessel. “Investors are a bit like a shy deer, they can very quickly go and invest elsewhere in the world.” Bolivia’s Evo Morales again defended his plan to nationalise his country’s energy industry. “If Bolivia used to be the land of no one, now it’s a land of Bolivians,” he said. “Companies that respect the law of Bolivia have legal security.” Observers say the summit was a chance to take ties between the EU and several regions of Latin America to a new level, but only the launch of trade, investment and aid talks was agreed.
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