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Opposition Leader Lobbied Banks to Boycott Venezuelan Government, AP Reveals

Opposition leader Julio Borges (third from left) sent more than a dozen letters to international banks asking them to withhold f

The Associated Press has revealed that the current acting president of the National Assembly, Julio Borges, has sent more than a dozen letters to international banks urging them to boycott the national government.

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Bloomberg’s Hit Job on Venezuela – and Me

Economist Michael Hudson. (Megan Ashcroft/Renegade Inc.)

Economist Michael Hudson says that his views were deliberately misrepresented in a recent Bloomberg report on Venezuela. 

 

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EPSDC Proletarios Uníos, 4 years of worker control

EPSDC Proletarios Uníos, 4 years of worker control

4 years ago, in March of 2013, workers from the illegally closed Brahma beer factory, took over the installations of the plant located in Barquisimeto, in the state of Lara, Venezuela. After two years of resistance within the factory, the worker's organized with the Comuna José Pío Tamayo to create a communally owned company "Proletarios Uníos" where they have spent the last 2 years, building up a new structure of production and distribution together with popular power, that has put them in the vanguard in the struggle against the economic war and to build a new sovereign economy in the hands of the people.

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Maduro Unveils Economic Reforms, Signs 48 Deals with Private Firms to Boost Production

Maduro presents economic announcements at the Venezuela Powerhouse 2017 Exposition in Caracas. (Prensa Presidential)

Among the measures is a revamped currency exchange mechanism as well as new executive orders to expand agriculture and mining.

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Venezuela Set to Export Fishing and Aquaculture Products to El Salvador

A socialist fish market in Venezuela. (INSOPECA)

Venezuela and El Salvador signed bilateral cooperation agreements this week in Caracas.

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Venezuela’s Maduro Names New Central Bank President

Ricardo Sanguino. (Archive)

Venezuelan President Nicolas Maduro announced the appointment of a new head of the country’s Central Bank (BCV) Sunday following the resignation of current president Nelson Merentes, who occupied the position since 2009.

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2.75 Million New Banknotes Enter into Circulation in Venezuela

Venezuela's latest 20,000 banknote against the recently recalled 100 banknote featuring the image of Simón Bolivar (Archiv

Venezuelan Central Bank (BCV) Director José Khan confirmed that the country's new higher denomination bank notes had entered into circulation on Monday.

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National Minimum Wage to Increase 50% in Venezuela

Venezuelan president Nicolas Maduro announced the wage increase during his television programme “Sundays with Maduro” (AVN).

Venezuelan President Nicolás Maduro announced the latest wage hike on Sunday evening. 

 

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Venezuela’s Maduro Names New Ministers in Cabinet Shakeup

Venezuelan President Nicolas Maduro speaking on his weekly television program on Tuesday. (AVN)

Venezuelan President Nicolas Maduro appointed on Tuesday new heads for the ministries of Interior, Justice, and Peace, Industry and Commerce, as well as Transport and Public Works.

 

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Does Venezuela’s Crisis Prove Socialism Doesn’t Work?

(Shutterstock.com)

Ryan Mallett-Outtrim gives a run-down of the root causes of Venezuela's economic problems, arguing that the government's maintenance of exchange controls, not socialism, has sunk the country into a financial black hole.

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