Tag: Nicolas Maduro

Nicolas Maduro
Wednesday, January 27th 2016 - 06:42 UTC

Parlasur could invite Falklanders', but first Macri must cracks the “chavista axis”

The initiative is from Alberto Asseff a member of Parlasur who responds to Sergio Massa, and considers himself a Falklands' expert

The Argentine representation in the Mercosur parliament, Parlasur, is considering inviting a group of 'kelpers' Falklands/Malvinas lawmakers, 'to listen to their needs and promote cooperation, but in the framework of Argentina's unrenounceable sovereignty claim over the Islands'.

Monday, January 25th 2016 - 10:01 UTC

IMF estimates 2016 Venezuela inflation at 720% and 8% economy contraction

“A lack of hard currency has led to scarcity of intermediate goods and to widespread shortages of essential goods exacting a tragic toll,” Werner said.

Venezuela’s consumer inflation, already the world’s highest, will more than double this year surging to 720% in 2016 from 275% last year, according to a note published by the IMF’s Western Hemisphere Director, Alejandro Werner.

Friday, January 22nd 2016 - 05:12 UTC

Banks don't discard credit-short Venezuela will undergo a 'credit event' in 2016

President Nicolás Maduro assured the National Assembly last week that Venezuela would continue to pay what it owes

Slumping crude prices have investors and analysts warning of a potential messy default in Venezuela, with state-owned oil company PDVSA owing some US$10 billion in external debt payments due this year. With crude hovering around US$28 per barrel, Venezuela could have trouble satisfying its obligations.

Tuesday, January 19th 2016 - 06:47 UTC

Bank of America anticipates strong devaluation for bankrupt Venezuela

Maduro is expected to merge the three-tier currency controls into two, taking the dollar to a level of 35 bolivar. Black market greenbacks are traded at 865 bolivars

Bank of America predicted president Nicolas Maduro would merge Venezuela’s three-tier currency controls into two, replacing the strongest rate of 6.3 bolivars to the dollar with a level of 35. Greenbacks go for around 865 bolivars on the black market.

Saturday, January 16th 2016 - 10:58 UTC

Venezuela in “economic emergency”: Q3 inflation 141.5% and GDP down 7.1%

The decree, read by new economy vice president Luis Salas and to be debated by parliament, did not mention any major policy changes such as a devaluation

Venezuelan President Nicolas Maduro's government has decreed a 60-day “economic emergency” for the recession-hit OPEC nation reeling from low oil prices and a sputtering state-led economic model. The government on Friday also published the first macroeconomic data for more than a year, showing GDP dropped in the third quarter while inflation surged.

Wednesday, January 13th 2016 - 07:46 UTC

Venezuela's First Lady claims her two 'narco-nephews' were kidnapped by DEA

Cilia Flores, who serves in congress, told Venezuelan weekly Tal Cual that the U.S. was seeking revenge and trying to force the socialists from power in Venezuela.

Venezuela's first lady on Tuesday broke her silence on the arrest of her two nephews on drug trafficking charges, saying they were kidnapped by the U.S. Drug Enforcement Administration.Cilia Flores, who serves in congress, told Venezuelan weekly Tal Cual that the U.S. was seeking revenge and trying to force the socialists from power in Venezuela.

Wednesday, January 13th 2016 - 05:34 UTC

Venezuela's 'super majority' power struggle paralyzes government

At stake in the power struggle between the legislature and judiciary is the opposition's “super-majority,” which can be used to force Maduro from office

Venezuela sank deeper into a messy political crisis Tuesday as the opposition-controlled National Assembly suspended its session after the Supreme Court declared it null and void. Speaking before a nearly empty chamber, speaker Henry Ramos Allup, a fierce opponent of President Nicolas Maduro, declared the National Assembly lacked a quorum and would reconvene Wednesday morning.

Tuesday, January 12th 2016 - 07:36 UTC

Judicial and Legislative branches clash in Venezuela threatening institutional stability

The Supreme Court dominated by chavistas declared the National Assembly's leadership in contempt of court and voided the legislature's decisions

Venezuela headed into ever more complicated political waters on Monday as the Supreme Court declared the newly opposition-controlled legislature null and void and the opposition vowed to continue defying the judges.

Friday, January 8th 2016 - 11:32 UTC

Chavez images and cult, new arena of dispute between Maduro and opposition

“Take the images to his daughters and widows,” Ramos said. “This place is no cemetery.”

Venezuela's government upped the ante Thursday against the new opposition-led Congress with a protest against the removal of images of venerated late populist leader Hugo Chavez and a legal appeal against the swearing-in of three legislators.

Wednesday, January 6th 2016 - 11:35 UTC

Venezuela's opposition takes control of the Legislative: vows to force out President Maduro

The new opposition speaker of the assembly, Henry Ramos Allup, said his side soon would take steps to force Maduro from office. “Here and now, things will change”

Venezuela's opposition broke on Tuesday the government's 17-year grip on the legislature and vowed to force out President Nicolas Maduro despite failing for the time being to clinch its hoped-for “supermajority.” The National Assembly swore in deputies to 163 of the 167 seats, with four lawmakers -- three opposition and one pro-government -- suspended pending a lawsuit over alleged electoral fraud.

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