What has changed? It is no longer the
same tense stalemate that characterized the political conflict that began last
September. There is now an increasing probability for a sudden political
transition, with PSUV removing beleaguered president Nicholas Maduro from
power. In the meantime, in the daily face-off between an uprising of anti-PSUV
Venezuelans against state security forces, it is now a matter of who tires out
first: the opposition or the National Guard, which has seen its members
bloodied and bruised, its armored vehicles hijacked and torched on a weekly if
not daily basis. In a game of who tires out first, the momentum goes to the
opposition, says Siobhan Morden, a managing director for Nomura and Wall
Street's top Venezuela death watcher. More…
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