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Although Guatemala did not secure the two-thirds support needed for the seat either, diplomats say it is unlikely Venezuela can win when voting to break the impasse is due to resume next week.
The leftist cast the election for one of Latin America's rotating two-year council seats as between Venezuela and the United States, which lobbied openly for Guatemala.
The losses also followed a disappointing second-place showing by Chavez's leftist ally in Ecuador's presidential election Sunday that exposed the limits on his ambition to export his anti-Americanism in the region.
Ecuadorean candidate Rafael Correa, who faces a run-off ballot next month, has since distanced himself from Chavez, reassuring voters he would block the Venezuelan leader from interfering in his presidency