ALBA & Petrocaribe...a Timebomb?

There's this sword of Damocles hanging over the economies of the countries that are profiting from Venezuela's ALBA/PetroCaribe program. The Bolivarian Alliance for the Peoples of Our America (ALBA) was established on December 14, 2004 by Hugo Chávez and Fidel Castro. Venezuela and Cuba sought to create a regional alliance committed to social, political, and economic cooperation and equality. ALBA says it offers an alternative to free trade accords (FTAA), on the basis of three principles: (1) opposition to free–market economic reforms; (2) not limiting the regulatory action of the State in favor of economic liberalization; (3) harmonizing relations between the State and the market.