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Chávez’s purchase of $15 billion in weapons causes concern in Latin America

March 22, 2011 Comments off

www.miamiherald.com

Venezuelan President Hugo Chávez’s purchases of weapons totaling more than $15 billion causes concern in Latin America.

With the acquisition of hundreds of tanks, helicopters and bulletproof vehicles as well as submarines and missile networks, Venezuela is arming itself at a speed unprecedented in the history of the South American country.

Experts consulted by El Nuevo Herald have said that Hugo Chávez’s has created unrest in the region with purchases to expand its military that total more than $15 billion.

The analysts warned that the purchases are made in an improvised fashion, following a “dubious” process with no bidding or prior studies, which could lead the country to acquire a Russian technology difficult to adopt and rejected by segments of the National Armed Forces.

The funds Chávez is using for the purchase of these new weapons, the largest in the nation’s history, are in Read more…