Thursday, September 4, 2014

Venezuela leader's popularity sinks amid crisis


Less than two years after succeeding Venezuela's late leader Hugo Chavez, President Nicolas Maduro has struggled to replicate his mentor's popularity amid a deepening economic crisis. With his approval rating plummeting, Maduro announced late Tuesday that he was replacing the head of state oil giant PDVSA, Rafael Ramirez, and relieved him of his role as vice president for economic policy. But the socialist leader fell short of announcing much-awaited measures to revive an economy beset by the highest inflation in Latin America and drastic shortages of basic goods. More…

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