Friday, March 05, 2004

Swiss Bank prediction for Venezuela

In its daily analysis report to investors, [Credit Suisse First Boston] CSFB maintained its prediction that "in Venezuela, there will be no recall referendum against President Chávez."

The investment bank affirmed that once it is absolutely clear that there will not be a referendum, the opposition will continue to generate disruptions, although it stated that such discontent most likely will not spiral into an uncontrollably violent situation for the Government. "We estimate that the political situation could improve and that the opposition should focus on the regional and local elections coming up next August."
  article

I guess it's to be expected that investment banks would be in the business of fortune telling. I sure hope they're right on this one.

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