Three top officials in key Venezuelan state food corporations have been arrested for embezzling millions of bolivars after it emerged that they had been illegally selling subsidised goods to private sector restaurants, bakeries and supermarkets for huge personal profit.
By Joe Emersberger – TeleSUR English , Jan 28th 2016
Joe Emersberger debunks The Economist's latest distorted coverage of Venezuela, including its claims that Venezuelan poverty failed to drop under Chavismo, that Venezuela is the worst performing economy in the world, and that press freedom is under attack.
On Tuesday Venezuela’s opposition-controlled parliament declared a national emergency in healthcare due to “grave scarcity of medicines and medical supplies, and the deterioration of humanitarian infrastructure.”
Twenty-two presidents from around Latin America and the Caribbean are descending on Quito, Ecuador, this Wednesday to discuss regional issues and strengthen Latin American unity and sovereignty in decision making.
Venezuela’s opposition-controlled National Assembly rejected Friday an emergency economic decree that would have granted President Nicolas Maduro special powers to confront the country’s worsening economic crisis.
The Venezuelan Central Bank has released data relating to the country’s debt and accumulated inflation rates after keeping the numbers under wraps since December 2014, on the grounds that the country is at war.
In his speech, Maduro derided Venezuela’s private sector for neglecting to invest in national industry and waging a “speculative” war against the country’s economy. He also pledged to continue his governments socialist agenda into 2016 - despite an opposition controlled legislature.
The Venezuelan government of Nicolas Maduro unveiled an emergency economic decree Friday, which, pending its approval by parliament, would grant the executive sweeping powers to pass legislation aimed at tackling the country’s deep economic crisis.