The crony takeover of Cadena Capriles claims its first big scalp. Omar Lugo has just been fired from his job as Editor of El Mundo Economía y Negocios for the grievous offence of…copying data from the BCV’s website and pasting it onto the front page of his newspaper.
Turns out Venezuela is so much not having a current account problem that BCV international reserves are at a nine year low, having fallen by half since 2009 and by nearly $9 billion this year alone. With a current account surplus like that, who needs deficits?
Oh, and just one thing to add:
Lugo deserves big kudos for doing it right and forcing his unscrupulous new bosses to fire him rather than taking the lame-o way out by resigning, and getting your bosses off the hook in the process. Forcing them to fire you merely for doing your job is how you make a point in a situation like this: that’s how you underline the journalistic bankruptcy of the cronies that bought up your paper.Caracas Chronicles is 100% reader-supported. Support independent Venezuelan journalism by making a donation.