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Chavez defeated over reform vote | Chavez defeated over reform vote |
(20 minutes later) | |
Venezuelan President Hugo Chavez has narrowly lost a referendum on controversial constitutional changes. | Venezuelan President Hugo Chavez has narrowly lost a referendum on controversial constitutional changes. |
Voters rejected the sweeping reforms by a margin of 51% to 49%, the chief of the National Electoral Council said. | Voters rejected the sweeping reforms by a margin of 51% to 49%, the chief of the National Electoral Council said. |
Mr Chavez described the defeat as a "photo finish", and urged followers not to turn it into a point of conflict. | Mr Chavez described the defeat as a "photo finish", and urged followers not to turn it into a point of conflict. |
Correspondents say the opposition could barely hide their delight and that the victory will put the brakes on Mr Chavez's "Socialist revolution". | Correspondents say the opposition could barely hide their delight and that the victory will put the brakes on Mr Chavez's "Socialist revolution". |
With his raft of reforms, Mr Chavez was seeking an end to presidential term limits and the removal of the Central Bank's autonomy. | |
But the result marks the president's first electoral reverse since he won power in an election in 1998. | |
Since then he has set about introducing sweeping changes in the country's laws aimed at re-distributing the Venezuela's oil wealth to poorer farmers in rural areas. | |
The main opposition parties had claimed during the referendum campaign that Mr Chavez was seeking to give himself too much power, and was trying to establish a dictatorship. |