Venezuelan Government Prolongs Economic Emergency for 7th Time

This is the seventh prolongation of the economic emergency originally introduced on January 15, 2016. The current prolongation was approved against the background of the mass protests in Venezuela that started in early April, sparked by the decision of the country’s Supreme Court to curb the powers of the opposition-controlled National Assembly. The decision was reversed almost immediately, however, the opposition took to the streets, demanding the resignation of the judges and a snap election. More…