Oil dependence. Falling production. Spiraling economy. Soaring debt. Hyperinflation. These are just some of the aptly-named “grim indicators” that led the Council on Foreign Relations…
Posts tagged as “Venezuela”
Over the past few years, the economic and political situation in Venezuela has gone from serious to cataclysmic. Under the lead of President Nicolás Maduro,…
For much of Venezuela’s population, food has become a luxury. Once the envy of Latin America, the oil-rich nation has become synonymous with starvation and…
Venezuelan president Nicolas Maduro, much like his predecessor Hugo Chavez, often appears on national television to address the country on the problems facing the nation…
With the largest oil reserves in the world, Venezuela was once the wealthiest nation in Latin America. But today, it is experiencing a historic economic…
As Syrian refugees continue to arrive in battered dinghies to the shores of Europe, a migration of similar urgency is taking place in Latin America.…
Government mismanagement of oil revenues, international debt, and rampant inflation have led Venezuela into an extreme food crisis with only one plausible solution: eat the…
President Nicolás Maduro has faced sustained protests in the last few weeks because of both economic and political turmoil. Venezuela has been embroiled in political…
Hugo Chávez clapping in front of a portrait of Simón Bolívar Not long ago, Venezuela sought to brand itself as a leader, a resurgent power…