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Venezuelan real salary has fallen 89.9% by March

Thursday, March 16, 2017

Latin America Divided On Venezuela

” … The problem is that the region is still divided over how to deal with Venezuela. Maduro can still count on a rump of left-leaning allies and smaller states that have benefitted from heavily subsidized Venezuelan oil. Brazil remains preoccupied by domestic corruption challenges, while Colombia still needs Venezuela onside while peace talks with the National Liberation Army (ELN) proceed. The OAS is still seen as a tool of US diplomacy by some in the region, and US policy towards Venezuela does not necessarily play well in Latin America, particularly at a time when US policy towards Mexico threatens to create region-wide rifts. Meanwhile, the Union of South American Nations (UNASUR) is seen as too close to the Maduro administration. More

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