We thought it would be Girodani in justifying the devaluation. But no, representative Sanguino made a run for the title. First in Spanish then my translation.
I have tried to reproduce as verbatim a translation as possible but the Spanish gibberish, chavismospeak, by itself is hard to understand. Let say that the guy still tries to tell us that there was no devaluation 10 days ago, just a mere technical correction on the currency value.
Outside of this, no other comment is needed.
Bonus point / gold star to whomever makes some sense of the above, in Spanish or in English.
"El concepto de devaluación corresponde a la conceptualización que se tiene de las políticas cambiarias en economías eminentemente centralizadas por el capitalismo. Para nosotros esta política de ajuste cambiario persigue a seguir sosteniendo los logros alcanzados en el área social y hemos demostrado desde que asumimos el gobierno del presidente Chávez que es posible alcanzar crecimiento económico con inversión social"
The concept of devaluation corresponds to the conceptualization that we have of exchange policies in economies eminently centralized by capitalism. For us a politic of exchange correction aims at keeping supporting the successes reached in the social area and we have demonstrated that since we have accepted the government of president Chavez that is is possible to reach economic growth with social investment.
I have tried to reproduce as verbatim a translation as possible but the Spanish gibberish, chavismospeak, by itself is hard to understand. Let say that the guy still tries to tell us that there was no devaluation 10 days ago, just a mere technical correction on the currency value.
Outside of this, no other comment is needed.
Bonus point / gold star to whomever makes some sense of the above, in Spanish or in English.