Venezuela is 'laughing stock' due to crippled economy, says ex-Chavez adviser

February 5, 2015 2:58 AM

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Venezuela is 'laughing stock' due to crippled economy, says ex-Chavez adviser

Venezuela's economic failings are turning it into the "laughing stock" of Latin America, according to late president Hugo Chavez's top economic planner.

Former Finance and Planning Minister Jorge Giordani, who was sacked in mid-2014 by Chavez's successor, Nicolas Maduro, said in an interview this week that reforms in the South American OPEC nation are years overdue.

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