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Venezuela bondholders inch toward showdown

Wednesday, May 24, 2017

Venezuela in Crisis: 50 Days Later

At least 48 people have been killed in demonstrations, a death toll that is continuously increasing. For more than 50 days, Venezuelans have been protesting in efforts to overthrow Maduro. Prices have risen and the government does not have enough funds for imports, making even basic necessities difficult to obtain. In 2016, this lack of supply saw thousands of people cross the border into Colombia to buy food and medicine. There is a major disconnect between the government and its people. The Maduro government has labeled the protesters as the extreme right, and it blames capitalism for fueling their disdain toward the current administration. But many Venezuelans have simply lost faith in the government’s abilities and efforts, and will continue to protest in demand for elections and change. More…

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