Word: grisanti
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...crisis-hardened Venezuelans, the bland government announcement last month was a sure sign that something unpleasant was about to happen. ``At the moment, the government is not examining the nationalization of these institutions,'' declared Deputy Finance Minister Luis Xavier Grisanti, referring to three troubled banks that the authorities were trying to nurse back to health. Sure enough, two weeks ago, the banks--Banco Italo-Venezolano, Banco Profesional and Banco Principal--were declared insolvent, and the government took them over, assuming $330 million in bad debt...
Indonesian Energy Minister Subroto gamely tried to work out a compromise plan to cut production, but several delegates refused to budge. "Not one barrel," said Venezuelan Oil Minister Arturo Hernandez Grisanti, who is currently OPEC's chairman. Even as Saudi Arabia's Yamani was calling for other countries to cut back, he was at work in his Geneva hotel room lining up a large order for new oil deliveries, according to Kenneth Miller, executive editor of Petroleum Intelligence Weekly...
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