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Venezuela bondholders inch toward showdown

Wednesday, June 7, 2017

Here's how two successive presidents chipped away at democracy

But the protests have also been years in the making, as Maduro and his predecessor, the late Hugo Chavez, the founder of a socialist movement known as Chavismo, chipped away at democracy by canceling elections, shutting down news outlets and arresting political opponents.Food shortages and rising crime have only added to the anger. “This is a new chapter in the conflict between chavismo and the opposition, a chapter animated by the catastrophic government of Maduro,” said Luis Salamanca, a professor at Central Venezuela University in Caracas. “Citizens are struggling to make the government respect their constitutional rights.” Public protests may be the only recourse left to the opposition, experts said. More…

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