Parallel Rate To Weaken Still

Venezuelan President Hugo Chávez is preparing to break diplomatic ties with Colombia in a clash over Bogota's decision to allow the US military access to seven of Colombia's army bases to fight drug trafficking. While Chávez sees the increased US military presence in Colombia as a threat to his leftist government, both the US and Colombia have denied targeting Venezuela. US Secretary of State Hillary Clinton has defended a bilateral agreement with Colombia on the deployment of military bases, and we believe it is likely to go ahead. As such, the likelihood of a normalisation in diplomatic relations between the

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