To The Left! To The Left!According to this Washington Times article Venezuela may be emerging as the leader of a "Bank of the South" and working to provide an alternative or escape for South America to the IMF's highly string-attached loans. Venezuela has already bailed Argentina out of its loan crisis and future efforts may be made for other such nations. Multi-billion dollar no strings attached loans? Is this (gasp) THE RICH(ER) HELPING THE POOR(ER)?!?
NO! Funnily enough, Argentina is actually a much wealthier nation than Venezuela. Why and how do such things happen? Economically saavy people, please help.