Thursday, January 11, 2007

Chavez now wants to scrap presidential term limits

Chavez, who rode to Congress for the swearing-in ceremony in an open-top car waving at crowds of supporters, has said his new term's plans include stripping the central bank of its autonomy and taking on special legislative powers.

The opposition has accused Chavez, in power since 1999, of seeking to transform the fourth-biggest oil exporter to the United States into a Cuban-style centralized economy.

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