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Reuters (February 1)

2019/ 02/ 02 by jd in Global News

“Socialist President Nicolas Maduro is under intense pressure to step down, with Venezuela in deep economic crisis and the government facing widespread international condemnation for elections last year seen as fraudulent.” It appears he is making plans “to sell 29 tonnes of gold held in Caracas to the United Arab Emirates by February in order to provide liquidity for imports of basic goods.”

 

The Independent (April 8)

2018/ 04/ 10 by jd in Global News

“As the international swooning over the young, vigorous and cool French President Emmanuel Macron continues almost unabated, a dissident voice has piped up that will play well for this (so far) very lucky politician.” Very few French are likely to side with Nicolas Maduro, the Venezuelan president, who called Macron a wimp and a hit man, and also alleged he was destroying France.

 

New York Times (June 20)

2016/ 06/ 21 by jd in Global News

“Venezuela is convulsing from hunger,” with over 50 food riots in just the last two weeks. The mobs storming supermarkets, restaurants and stores for anything edible are showing that even in the “country with the largest oil reserves in the world, it is possible for people to riot because there is not enough food.”

 

Washington Post (January 19)

2015/ 01/ 19 by jd in Global News

The drop in oil prices is hitting Venezuela, Russia and Iran hard. These “three troublesome nations” rely on energy exports for 68-95% of their external revenue. Venezuela now “appears on the edge of a political chasm. Putin will try to fend off domestic upheaval with more foreign aggression. And Iran will make a fateful choice between forging a lifeline to the United States and Europe and consciously embracing isolation and harsh austerity.”

 

Bloomberg (January 2)

2015/ 01/ 03 by jd in Global News

“Venezuela had a banner year in 2014: the world’s highest misery index (inflation plus unemployment), a fresh recession, and a currency whose black-market value plunged faster than even the Russian ruble…. Unfortunately, President Nicolas Maduro doesn’t seem to have any good ideas — any ideas at all, really — for improving things.”

 

Wall Street Journal (February 16, 2014)

2014/ 02/ 16 by jd in Global News

“It’s getting ugly in Venezuela.” The economy is crumbling with inflation north of 56% and wide-spread shortages, which have caused some factories to close. Amid growing protests, Venezuelan President Nicolas Maduro is consolidating power using deaths at recent protests “to justify a government crackdown on growing civic unrest directed at his leadership and a deteriorating economy.” A natural “strongman,” President Maduro is now following “the Cuban model.”

 

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