Quite possibly Venezuela. President Hugo Chavez has recently voiced his opinion on the status of the banking sector in his country: As the WSJ reported today: "Upping the ante significantly, Chavez said he would not hesitate to intervene in the country's whole banking system. "You can be sure that if I need to intervene in all the banking system, I will do it," the self-declared socialist revolutionary said in a televised address Wednesday." And could this possibly be a little prescient of things to come? "Hugo Chavez, is preparing to nationalize the few remaining private banks of that nation, usually a good indicator of an approaching sovereign default." As is also referenced, there are many others around the globe and it will be interesting to continue to folow their individual progress.Many Thanks to ZeroHedge (http://www.zerohedge.com/article/dubai-file-venezuela-headed-default)
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