It would appear that the resentment of Señor Chavez, towards Spain, dates back to 11th April 2002 when the then Prime Minister of Spain - José Maria Aznar - allegedly supported a coup in Venezuela. Presumably Spain's colonial history in Latin America is also a factor.
Señor Chavez has among his closest allies, Fidel Castro, Daniel Ortega of Nicaragua, Eva Morales of Bolivia, Rafael Correa of Ecuador and the Argentinian dynasty of Néstor and Cristina Kirchner.
Meanwhile King Juan Carlos appears to have the overwhelming support of the Spanish people.
Presumably this 'diplomatic incident' will peter out in due course.
Many 'household name' Spanish companies have huge investments in Venezuela including: Repsol, Telefónica, Santander, BBVA, Prisa, Mapfre, ACS, Acciona, Abertis and OHL.
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