Venezuela crisis: President Maduro says he had secret talks with US

posted in: News, World News

| The Venezuelan leader has confirmed that he is in talks with the Trump administration. -AFP Venezuela’s embattled President Nicolás Maduro said he had been in talks with the Trump administration for months, even as the US ramped up its … Read More

Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage

posted in: News, World News

Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More

Venezuela has finally admitted to the awful state of its economy

posted in: News, World News

Five years of ruin. This week Venezuela’s central bank unexpectedly published data (link in Spanish) on economic growth and inflation. It’s the first time in years that official figures on the economy have been released. Regular updates stopped in 2015 as president … Read More