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Latin America's Political Compass Veers Toward the Left***BOGOTA, Colombia, Jan. 18 - Latin America's four most visible left-leaning heads of state came together for the first time this week at the inauguration of one of them as president of Ecuador. Ecuador's new leader, Lucio Gutierrez, is a former army colonel and coup plotter who has promised to fight the "corrupt oligarchy" in his country. The others are Luiz Inßcio Lula da Silva, a former union leader elected to the Brazilian presidency in October; Fidel Castro of Cuba, the grand old man of the Latin American left; and Venezuela's embattled president, Hugo Chavez. The four basked in applause at Ecuador's cavernous Congress on Wednesday and held meetings to discuss the future of a troubled region.

To some in Washington, particularly conservatives on Capitol Hill, the convergence of leftist leaders - all of whom, at some point, have used antagonistic words in criticizing United States policy - has raised concerns about a new pan-Latin American movement with socialist overtones. Indeed, Representative Henry J. Hyde, Republican of Illinois and the chairman of the House International Relations Committee, warned late last year that Brazil's new president might join Mr. Chavez and Mr. Castro in a Latin "axis of evil." Mr. Hyde also characterized Mr. da Silva as a dangerous "pro-Castro radical who for electoral purposes had posed as a moderate."

It is true that all four leaders share similarities: opposition to the unfettered market reforms that have failed so far to bring prosperity to Latin America, concern about the burdensome foreign debts that stagger many nations in the region and wariness about the United States meddling in their affairs. Invigorated by Mr. da Silva's victory in Brazil - the first election of a leftist president in the largest Latin American country - the four leaders see an opportunity to shape events in the region, rather than leave it to the United States to set the agenda.***

603 posted on 01/30/2003 2:25:00 AM PST by Cincinatus' Wife
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Chavez Accused of Threatening Bankers *** CARACAS, Venezuela - Venezuelan opposition leaders accused President Hugo Chavez of threatening the nation's bankers to make them abandon a general strike aimed at toppling him. The National Banking Council said Wednesday that its members will return to normal operating hours on Monday. For two months, thousands of people have waited in long lines while banks opened just three hours a day. Other sectors, including workers in the state oil company, will remain on strike. "This is a government that, one way or another, acts with pressure and repression. This influenced the decision," said strike leader Carlos Fernandez.

Chavez had threatened to fine banks and withdraw the armed forces' deposits from private institutions if they didn't resume activities. Bankers said they provide a public service, which influenced the decision. "We owe the public," Nelson Mezerhane, the council's vice president, said after a Wednesday council meeting. "They have their earnings and money in our institutions." Fearing effects of the work stoppage - shortages of food, medicine, fuel and cash - could hurt their cause, many businesses plan to reopen next week. The possibility of having to declare bankruptcy by remaining closed also prompted owners of shopping malls, restaurants, franchises and schools to soon open their doors to the public. ***

604 posted on 01/30/2003 6:22:38 AM PST by Cincinatus' Wife
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