Venezuela

Venezuela
Friday, May 27th 2016 - 08:04 UTC

Paraguay requests meeting of Mercosur foreign ministers to address Venezuela situation

Foreign minister Eladio Loizaga said he had received precise instructions from president Horacio Cartes to ask for the Mercosur foreign ministers meeting.

Paraguay formally requested on Thursday a meeting of Mercosur foreign ministers to address the situation in Venezuela which is undergoing a critical political, social and economic scenario. The request was presented to Uruguay which currently holds the chair of the trade block made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela.

Wednesday, May 25th 2016 - 06:18 UTC

Venezuela next Mercosur chair, but Uruguay will continue leading negotiations with EU

President Nicolas Maduro is accused of impeding a recall referendum which has the support of two thirds of Venezuelans, according to the latest opinion polls.

Venezuela, in the midst of a most serious domestic political and economic situation, and with less foreign allies is scheduled to take the chair of Mercosur as of next June for the following six months. However it has been agreed that Uruguay will continue leading Mercosur negotiations with the European Union for a much delayed wide ranging cooperation and trade agreement.

Tuesday, May 24th 2016 - 08:30 UTC

US tire maker leaves Venezuela after six decades in the country

Bridgestone says the sale will have no financial impact because it already has written off its investments in the crisis-wracked country.

United States tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas said in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. It says the company will be called Alice Neumaticos de Venezuela.

Tuesday, May 24th 2016 - 08:18 UTC

Brazil and Argentina to work together to help find a solution to Venezuela

“We're on alert when it comes to Venezuela. Brazil and Argentina have an interest that includes mediation,” Brazilian Foreign Minister Jose Serra said

Brazil and Argentina will work together to help find a solution to Venezuela's political crisis, Brazil's acting foreign minister said on Monday. Venezuela is facing a severe economic crisis, with the world's highest inflation and shortages. Polls indicate most Venezuelans want President Nicolas Maduro out of office.

Saturday, May 21st 2016 - 08:26 UTC

Maduro admits to being mad as a hatter, but “crazy love” for Venezuela and the revolution

“Yes, I'm mad as a mad hatter, but mad with love for Venezuela, for the Bolivarian revolution, for Chavez and his example”, admitted Maduro

Venezuelan president Nicolás Maduro admitted he “was mad as a hatter”, but “mad with love” for Venezuela, the Bolivarian revolution and for the deceased leader Hugo Chavez, in a clear reference to previous statements, without mentioning him, of Uruguayan ex president Jose Mujica.

Saturday, May 21st 2016 - 08:07 UTC

Argentina, Chile and Uruguay appeal for an urgent political dialogue in Venezuela

Malcorra, Munoz and Nin Novoa call on the Venezuelan government, National Assembly and all political forces to sit and dialogue

Argentina, Chile and Uruguay in a joint statement released on Friday, called for political dialogue in Venezuela and offered to help with a “national reunion” of the political and social forces of the country. The appeal, with utmost respect for the principle of non interference in the internal affairs of Venezuela, was made extensive to the government, the National Assembly, under opposition control, and all political and social groups.

Friday, May 20th 2016 - 10:40 UTC

India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

India's drug-maker Hyderabad-based Dr. Reddy's Laboratories, said that it had to write off US$65 million related to losses in Venezuela in the fourth quarter.

Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

Thursday, May 19th 2016 - 08:32 UTC

Mujica says Maduro is “mad as a hatter” and everybody in Venezuela “have gone nuts”

Mujica said he respects the Venezuelan president but “this does not mean I can't say that he's mad, mad as a hatter”.

Uruguayan ex president Jose Mujica said on Wednesday that in Venezuela “everybody has gone nuts” and president Nicolas Maduro is “mad as a hatter”. The former leader was reacting to the controversy between his former foreign minister and now OAS secretary general, Luis Almagro and Maduro.

Thursday, May 19th 2016 - 08:14 UTC

Maduro prepared to escalate state of emergency following massive protests

“I will not hesitate if necessary to make such a decree to fight for the peace and security of this country,” pledged Maduro

Venezuelan President Nicolas Maduro said on Wednesday he was prepared to escalate a state of emergency imposed this week after opposition-led protests in the capital and other cities. Maduro told supporters he would give the order - which implies suspending laws and rights to maintain public order - if “violent” anti-government acts occurred.

Wednesday, May 18th 2016 - 11:39 UTC

The Army must decide is they side “with the Constitution or with Maduro”, says Venezuelan opposition

“I say to the armed forces: the moment of truth has arrived - to decide whether they are with the constitution or with Maduro,” Capriles told a news conference.

The army in crisis-hit Venezuela has to choose whether it is “with the constitution or with [President Nicolas] Maduro,” opposition leader Henrique Capriles said on Tuesday.He made the statement to journalists after Maduro decreed a state of emergency broadening the powers of soldiers and police - and a day before opposition-led marches demanding a referendum to oust the president.

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