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Venezuelan real salary has fallen 89.9% by March

Thursday, April 6, 2017

Putin seps in to the bloster Venezulan dictator Maduro

Although Maduro walked back last week’s court decision, he retained the power to negotiate oil deals without congressional approval, a tool that may prove very important. China or Russia could yet help Venezuela out of its hole. But China does not seem eager to play a geopolitical role, and it has little to gain from saving a crisis-ridden regime in the Western Hemisphere from seemingly inevitable collapse. Russia, on the other hand, seems to be doing what it can to help Maduro through his hard spell: It is reportedly negotiating loans and further investments by Rosneft that might help the regime through a heavy bout of April debt payments. More…

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