Thursday, March 06 2014 @ 05:02 PM EST
Contributed by: Don Winner
“The revision of the debt is suspended, until Panama has a serious government that respects the relations that we must have based on mutual respect,” the Venezuelan minister stated.
Maduro announced his decision to break bilateral relations yesterday, due to Panama’s recent request to discuss Venezuela’s crisis at the Organization of American States (OAS).
This rupture includes the freezing of bilateral commercial relations and leaves suspended the discussion of the US$1.2 billion debt that Venezuelan businesses have with Panama’s Colon Free Zone.
According to Chancellor Jaua, during the handling of the debt, they found “all kinds of fraudulent actions, from both Panamanian businesses and Venezuelan” that created a space for “corruption” in the commercial relation between both countries.
Also, Jaua defended Maduro’s decision and explained that Venezuela’s government has the duty to react against Panama’s attempts to diffuse the idea that Venezuela “has lost its democratic institutions.”
Meanwhile, Costa Rica’s diplomatic mission in Caracas will assist Panama’s consular affairs in the country.
Editor's Comment: What a bunch of crap. It's really all about the money, of course. Plus the fact that the government of Venezuela is completely corrupt, communist, and slowly sinking into the shit-hole where countries like Cuba, North Korea, Bolivia, and Nicaragua reside. Do you think any vessels carrying Venezuela oil will be passing through the Panama Canal any time soon? In 2011, 19% of Venezuelan oil exports went to either China or other Asian countries (the bulk goes to the United States and the Caribbean). The Panama Canal Authority can track ships, and they know who went where, empty or full, etc. Would Panama (Martinelli) be willing to violate the principal of neutrality of the Panama Canal by refusing to allow ships carrying Venezuelan oil to Asia pass through? Maybe. Whatever - Maduro made his decision, so now he will have to live with the consequences, whatever those consequences turn out to be. All of the Venezuelans with money have already moved to Panama, anyway.