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.
At a summit marked by strong differences between Argentina and Venezuela, Mercosur signed a statement in defense of the unrestricted support of human rights. Earlier in the day there was a serious exchange between Argentine president Mauricio Macri who demanded all political prisoners in Venezuela be set free, and president Nicolas Maduro foreign minister who replied that Macri was 'meddling' in Venezuela's affairs and was applying a 'double standard' on the issue.
Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US
International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.
The presidents of Mercosur member-countries have confirmed attendance to the group's summit scheduled for next 21 December and hosted by Paraguay, the country that currently holds the rotating chair, according to diplomatic sources in Asuncion.
Venezuela's outgoing National Assembly on Thursday tapped a judge who is hated by the opposition for jailing politician Leopoldo Lopez as the next human rights ombudsman in the increasingly hostile aftermath of legislative elections.
If the newly elected Venezuelan National Assembly votes to cancel that country's program of subsidized oil sales to Caribbean and Central American nations, the United States will not be able to substitute U.S. oil for Venezuelan oil, a senior U.S. official warned this week.
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.
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.
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.
By David Rosnick (*) A new paper from the Center for Economic and Policy Research (CEPR) finds that there may be a significant disparity between the popular vote and legislative seats claimed by parties in Venezuela’s December 6 National Assembly elections.