Venezuelan President Hugo Chavez said Sunday he would expropriate the country's banks if the current financial crisis hits his country.
"If something similar comes to pass in Venezuela, you should not have the slightest doubt that I won't give a penny to the banks -- I'll expropriate them," said Chavez in the southeastern state of Barinas.
The Venezuelan leader said it was difficult for him to understand the rich countries spending billions of dollars to bailout banks while dodging their responsibilities in fighting poverty with the excuse of lack of money.
So far, the global financial crisis has not affected Venezuela's economy, Chavez said.
Source: Xinhua
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