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Venezuelan real salary has fallen 89.9% by March

Tuesday, April 4, 2017

Venezuelan president's latest blunder may be 'the beginning of the end' for 'Chavismo

Venezuelan President Nicolas Maduro may have finally gone too far, and now even some allies are turning against him. Maduro and Venezuela's top court on Saturday walked back an earlier attempt to strip Venezuela's legislature of its powers, after the moved sparked massive outrage both at home and abroad. "The ruling — and the reaction it generated — underlined the fragmentations within the ruling party. These fragmentations are also seen within Chavismo and within the armed forces," said Diego Moya-Ocampos, principal political risk analyst at IHS Markit. More…

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