Even Venezuela’s most conciliatory opposition leader has had enough. Amid sky-high inflation, an absent president, snaking queues outside supermarkets, and plummeting oil prices, Henrique Capriles said this week that the time was ripe to try to force a change. “We are in a state of emergency,” he said on Monday. “This is the time to mobilise in the streets.” The call to protest was significant because Capriles, a state governor, disavowed last year’s violent protests demanding the resignation of Nicolás Maduro, Venezuela’s president. Instead, Capriles had advocated regime change through the ballot box. But the situation on the ground has changed since then. Venezuela’s economy is estimated to have shrunk by 4% in 2014, with inflation hitting 64%. The price of oil, which accounts for more than 95% of Venezuela’s hard-currency income, continues to fall. According to the latest opinion poll, Maduro enjoys the support of just 22% of the population, and he has come under fire on social media and editorial pages for spending nearly two weeks outside the country – with his extended family in tow – while the crisis deepens. Most worrying for Venezuelans are food shortages. Standing in line for hours to buy basic subsidised goods… Read full this story
- All About Oil: WikiLeaks Reveals US Objectives in Caracas as Regime Change Looms
- Rate Hike in Sight: US Manufacturing, Inflation Rise Despite Strong Dollar
- Covid lockdowns, protests and election strife led to record US gun sales in 2020
- OPINION: Big freeze exposes Asia's underlying energy crisis: Kemp
- Police fine 15 Scottish sea food truckers £200 each for making 'unnecessary journeys' as they descend on No10 after vowing to dump tons of rotting fish on PM's doorstep over Brexit border chaos
- VIETNAM BUSINESS NEWS JANUARY 21
- VIETNAM NEWS JANUARY 19
- VIETNAM BUSINESS NEWS JANUARY 11
- Brazil 'collapses' under Covid as new variant sees epidemic surge: Relatives are forced to supply oxygen for patients, doctors decide who gets to breathe and Amazon's largest city turns into a 'suffocation chamber'
- Marks & Spencer stores in FRANCE are left empty as supermarket is latest company affected by Brexit red tape - while millions of pounds of British meat is left 'rotting in Rotterdam' by EU officials because 'a VET'S form was incorrectly filled in'
Street protests loom as shortages, inflation and oil slump hit Venezuela have 361 words, post on www.theguardian.com at January 16, 2015. This is cached page on Drudgereport. If you want remove this page, please contact us.