Posted December. 04, 2007 04:15,
The bid of Venezuelan President Hugo Chavez, the leader of the left wing in Latin America, to rule for life, was thwarted yesterday.
A referendum on a constitutional revision including a repeal of presidential term limits and a ban on the confiscation of private property was rejected by voters in Venezuela Sunday. The National Electoral Council (NEC) announced Monday that the constitutional revision was rejected with 51% disapproving and 49% approving the measure.
Tibisay Lucena, chief of the National Electoral Council, said, The ballot counting is currently 88% finished, and there is a two percentage difference between approval and disapproval votes. This trend does not seem to be reversing. Voter turnout was 56%.
President Chavez also admitted his defeat. However, as he is still emphasizing the construction of a socialist state, conflicts with the opposition party over national administration are expected to arise.
The term of Chavez, who was re-elected last year, will expire at the end of 2012.