Tag: Venezuelan National Assembly

Venezuelan National Assembly
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.

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.

Wednesday, December 9th 2015 - 08:06 UTC

It's official: Venezuelan opposition wins a two thirds majority in the legislature

Opposition leaders had been assuring the press they’ve captured 112 spots in the legislature — just above the 111 needed for a two-thirds super majority.

Venezuela said the opposition coalition MUD has won a two-thirds super majority in the country’s legislature, a major victory in Sunday’s elections.

Tuesday, December 8th 2015 - 09:10 UTC

Now comes the main challenge for the fragile opposition coalition: running Venezuela

Leaders of opposition Democratic Unity coalition, said it had won at least 112 seats in the 167-member National Assembly giving it a two-thirds majority

Venezuela's fragile opposition coalition which managed to come together to achieve victory over the Chavista government on Sunday, now faces the test of trying to stick together and use its newly won congressional authority to address the country’s deep economic problems and political rifts.

Monday, December 7th 2015 - 07:43 UTC

In peaceful voting Venezuelan opposition wins by a landslide; Maduro admits defeat

“The country wants change and that change is beginning today,” Jesus Torrealba, head of the Democratic Unity opposition coalition

Venezuela's opposition won control of the National Assembly by a landslide, delivering a major setback to the ruling party and altering the balance of power after almost 17 years of populist rule.

Friday, November 27th 2015 - 08:21 UTC

Maduro blames killing of opposition leader to score-settling among gangs

The event was also attended by Lilian Tintori, the wife of a jailed opposition leader and a high-profile critic of Maduro.

Venezuelan President Nicolas Maduro said Thursday the fatal shooting of an opposition leader appeared to be a gangland score-settling dismissing claim it was politically motivated ahead of elections. An attacker shot Luis Manuel Diaz dead on Wednesday evening in the central Guarico region at a campaign rally for the December 6 legislative elections, party officials said, ratcheting up fears that violence could erupt in the lead-up to the polls.

Friday, November 27th 2015 - 06:28 UTC

OAS calls for immediate end to violence in Venezuela

Secretary General of Acción Democrática Guarico, Luis Manuel Diaz, was shot several times from a passing vehicle as he stood in the rally's stage

The Organization of American States (OAS), secretary general Luis Almagro condemned the killing in Venezuela of an opposition leader during a political rally ahead of the 6 December legislative election, and called for an immediate end to violence in the country.

Friday, July 31st 2015 - 06:41 UTC

Maduro takes over brewers complex as Venezuela runs out of beer because of lack of barley

Maduro has accused Polar of sabotaging the economy by hoarding goods and intentionally creating shortages, a charge the company denies.

Venezuela's largest food distributor on Thursday denounced the government occupation of a Caracas warehouse amid accusations that the company is hoarding goods. Soldiers took over the warehouse complex used by Empresas Polar late Wednesday just as Venezuela's federation of brewers announced that Polar's beer manufacturing subsidiary is shutting two of its six plants because of a lack of imported barley.

Monday, March 16th 2015 - 10:48 UTC

President Maduro will rule the rest of the year with decree powers

“The US want to stick their hands into Venezuela's wealth, just as they have done in other countries,” ruling party legislator Tania Díaz said, on presenting the “anti-imperialist” bill

Venezuela's parliament has granted President Nicolas Maduro decree powers for the rest of 2015 in a move he says is to defend the country from US meddling but opponents decry as evidence of autocracy. In a noisy National Assembly session, ruling Socialist Party legislators, who have a majority, applauded the “Enabling Law” as a legitimate response to a US declaration that Venezuela is a security threat and sanctions on seven officials.

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