In graphics: a political and economic guide to Venezuela

In graphics: a political and economic guide to Venezuela

Venezuela: a nation in a state

OF ALL the unflattering words used to describe the state of the country he governs, “disaster” is the one Venezuela’s president, Nicolás Maduro, dislikes the most. Perhaps that is because it is so apt. Under his watch, the nation has entered a steep decline. Mr Maduro has restricted the publication of official economic figures. Those that have been divulged confirm that 2015 was a very bad year. And 2016 is going to be worse.

A global oil boom, which provided Hugo Chávez, Mr Maduro’s populist predecessor, money to lavish on Venezuela’s once neglected poor, is over. Mr Maduro has failed to persuade voters that he is a worthy heir. 

In a parliamentary election on December 6th 2015 the opposition Democratic Unity alliance (MUD) won two-thirds of the seats, the first time it has won a national election since Chávez came to power in 1999. Mr Maduro’s approval rating is not much above 20%.  The new National Assembly is now engaged in a power struggle with the regime. Venezuela’s Supreme Court, which can be counted on to side with the government, has ruled that three opposition MPs cannot be sworn in, depriving the MUD of its “supermajority”.  [Read more]

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Comments

  • de castro  On February 19, 2016 at 1:29 am

    Corruption at the highest level will destroy the “mad dog” MADuro.
    Will Rasputin his backer send in his war planes to bomb the civilians.?
    As per Syria….think maduro must look further north eastward and north
    westward for support…..or he may end up like “Mussolini”….
    Ways I see it
    Lord kamtan in El ejido espania last bastion of the Moorish invasion of southern spain

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