Venezuela

República Bolivariana de Venezuela

The White House announcement of President Barack Obama’s agenda for the upcoming April 10-11 Summit of the Americas in Panama, stating that he will meet with Caribbean and Ce...(full article)

While Maduro steps up his revolutionary rhetoric in public, behind the scenes the core institution of Venezuela’s economy appears to be tamping down its focus on revolution. ...(full article)

In Venezuela, President Nicolás Maduro has called on his followers to march to the drums of war against a political plot, allegedly backed by the United States, to provoke the ove...(full article)

Hugo Chavez's transformative presidency left behind an economic model that has sown deep, heated divisions within Venezuelan society. The country's oil reserves—among the world's...(full article)

If we value that minimum wage at the more realistic black market exchange rate then it’s around $20 a month. Which for an oil rich nation is simply ridiculous. Or more importantl...(full article)

Most Recent Articles

Obama's Message to Caracas' Neighbors - Bloomberg View

The White House's executive order on Monday authorizing sanctions on Venezuelan officials names only seven people. Its real target may be Venezuela's neighbors, whose tacit accepta...

Desperate Measures in a Sinking Venezuela - Carl Meacham, CSIS

On March 1, Venezuelan President Nicolás Maduro announced the latest in a series of claims accusing the United States of meddling in Venezuela’s affairs: an unspecified number o...

Venezuela Can Thank Chavez for Its Current Situation - A. Llosa, NI

Nobody has lobbied Saudi Arabia to cut its oil output more intensely in recent weeks than Nicolás Maduro, Hugo Chavez’s successor as Venezuela’s dictator. Maduro...

Venezuela Goes Full Fascist - Dario Acevedo Carmona, Espectador

Hampered by plummeting oil prices and fading public support, President Nicolas Maduro and his crafty sidekick, Assembly leader Diosdado Cabello, are trying to provoke an opposition...

Venezuela: All Oil, no Toilet Paper - Joshua Keating, Slate

Cash-strapped Venezuela, which has the second-largest oil reserves in the world, after Saudi Arabia, and relies on oil for 95 percent of its export revenue, has been hit particular...

Brutal Incompetence in Venezuela - Washington Times

President Nicolas Maduro of Venezuela bears a marked resemblance to the late Iraqi dictator Saddam Hussein, right down to the mustache. With a collapsing economy that has soured hi...

Venezuela's Turmoil at a Tipping Point - Irish Times

With an economy that is expected to contract by seven per cent this year, inflation running at 68 per cent, a currency devaluation put at as much as 70 per cent, widespread shortag...

Chavez's Ghost Haunts Spanish Elections - Itxu Diaz, Daily Beast

Funded by Venezuela’s Hugo Chávez and his successor, Podemos is the party to beat in this year’s Spanish elections....

A Look at Venezuela's Economic Crisis - Nathaniel Flannery, Forbes

Venezuela’s economy is slowly collapsing, crushed by the pressure of a falling oil prices and the accumulated weight of decades of mismanagement. Venezuela’s currency, ...

Tweeting for Medicine in Venezuela - Sergio Held, Ozy

In Venezuela, several hundred tweets like this go out every day under the hashtag “#ServicioPublico,” meaning “public service.” But few cries for help are a...

The Oil Price Is a Slippery Strategic Weapon - Lee Lane, RealClearWorld

To some observers, the U.S. LTO boom also represents a new weapon of economic warfare. Adherents of this view correctly note that at present, Iran and Russia are U.S. foes. Increas...

Venezuela Is a Top Client for Swiss Banks - Jim Wyss, Miami Herald

Venezuela put billions of public funds into secret Swiss bank accounts, according to data released Monday by the International Consortium of Investigative Journalists and leaked by...

What Cuba Has Cost the World - Carlos Alberto Montaner, RealClearWorld

Cuban leader Raul Castro has presented to U.S. President Barack Obama a set of conditions to re-establish diplomatic relations. Among those conditions, Castro demands compensation ...

Venezuela Is Running Out of Time - Brookings Institution

The collapse of global oil prices is putting particularly severe pressure on Venezuela, with unpredictable but serious economic and political consequences. The price of Venezuela&r...

Maduro's Reign Is Doomed - Uriel Ortiz Soto, El Espectador

Political repression is one thing, but if store shelves are empty, the so-called "revolution" is destined to crumble....

It's So Bad in Caracas that McDonalds Can't Serve Fries - Miami Herald

Venezuela’s Nicolás Maduro went on a beggar’s tour of the world this month, pleading for handouts in places like Tehran and Moscow and desperately trying to bols...

Maduro's New Economic Plan for Venezuela - Jim Wyss, Miami Herald

Barring more delays, Venezuelan President Nicolás Maduro is expected to unveil his plan late Wednesday for rescuing the flailing economy, which features skyrocketing inflation, a ...

The Collapse of Latin American Populism - L. Gonzales, America Economia

Evidence shows that macroeconomic populism is unstable despite advances in the "good years," perhaps because of its exclusively short-term focus. Both these countries need institut...

Parallels Between Radical Islam and Castro-Chavism - F.R. Fiallo, RCW

http://www.realclearworld.com/articles/2015/01/15/the_parallels_between_islamism_and_latin_americas_far_left_110908.html...

A Year for Reform in Latin America - Daniel Zovatto, Brookings Institution

Latin America is starting off 2015 with a clear economic slowdown. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) projects a modest recovery (2....

Big Personalities Will Set the Course in 2015 - Steve LeVine, Quartz

Momentum alone ought to signal that 2015 will bring new confusion, fresh surprises, and more shredded history. But while the year will deepen our disorientation, and include horren...

Rebuilding Venezuela - Roger Noriega, RealClearWorld

Venezuela is collapsing. President Nicolas Maduro's dash-for-cash to Beijing last week was a humiliating failure. Half-mile food lines wind through the streets of Caracas and other...

Will China Save Venezuela? - Shannon Tiezzi, The Diplomat

As we head into 2015, one trend at least is carrying over from 2014 – plummeting oil prices. And with the falling price of oil, major producers are falling into economic re...

Venezuela's Demise Could Be Catastrophic - Jackson Diehl, WaPo

Venezuela has been a virtual Cuban colony in recent years, which is one big reason for the fix it is in. After sheltering caudillo Hugo Chávez during his slow demise from ca...

New Year's Wishes for Venezuela - Bloomberg View

Venezuela had a banner year in 2014: the world's highest misery index (inflation plus unemployment), a fresh recession, and a currency whose black-market value plunged faster than ...

10 Wars to Watch in 2015 - Jean-Marie Guehenno, Foreign Policy

The last year was a bad one for international peace and security. Sure, there were bright spots in 2014. Colombia’s peace process looks hopeful. The last round of Iran’...

Cuba's Turn: Mao, not Gorbachev - D. Acevedo Carmona, Worldcrunch

The Cuban turn is quite unlike the Glasnost reforms of the last Soviet leader, Mikhail Gorbachev. It looks more like the path China's communists rulers chose after Mao, opting for ...

A Trojan Horse for the Castro Regime - Fabio Rafael Fiallo, RealClearWorld

Thus apprehensions are built from experience. Yet past experience should not obscure present reality: The Castro regime does not approach this new phase of its tumultuous relations...

Oil Prices Push Venezuela Toward Default - Nick Cunningham, Time

Low oil prices are putting major oil producers in a squeeze. The Russian central bank has been forced to cough up foreign exchange in order to defend itself from a currency crisi...

China Is the New Bretton Woods - William Pesek, Bloomberg View

Thanks to China, Christine Lagarde of the International Monetary Fund, Jim Yong Kim of the World Bank and Takehiko Nakao of the Asian Development Bank may no longer have much meani...

The Change Cuba Needs Now - Juan de Onis, World Affairs Journal

So, what can be expected by way of “changes” in the Cuban system if—and it’s a big if, given reluctance among lawmakers in Washington—the US economic ...

No One Knows Where the Oil Price Will Go - Keith Johnson, Foreign Policy

Market fundamentals point to a continued slide in oil prices. But the deck is stacked with jokers, and they're mostly wild....

Did Venezuelan Oil Affect Cuba's US Move? - Mimi Whitefield, Miami Herald

After 53 years of acrimony, a motivating factor in Cuba striking a historic deal with the United States to renew diplomatic relations might have been Venezuelan oil. Both sides, of...

Will Political Change Come from Cheap Oil? - Jeffrey Simpson, Globe & Mail

That Russia loses badly from sagging world oil prices is obvious, but so do a bunch of other countries run by thugs, autocrats, kleptocrats, theocrats, religious fundamentalists, l...

Here's How the US Can Counter OPEC's Price War - C. Faulkner, LA Times

The United States has already overtaken Saudi Arabia, OPEC's dominant member, as the world's largest producer of petroleum liquids — which includes natural gas — accord...

Can Venezuela Stay Afloat? - Carl Meacham, CSIS

Venezuela in particular faces interesting challenges with this price drop, as its national income dwindles and its economy slowly grinds to a halt. Among the largest global produce...

Venezuela's President Might Not Survive Oil Price Drop - Juan Nagel, FP

The international price of oil has dropped by more than 40 percent in the past six months. To put it lightly, this presents a major challenge to oil-exporting nations. Many analyst...

Venezuela Nears the Abyss - Keith Johnson, Foreign Policy

Plunging oil prices are particularly threatening for one of the most dysfunctional petro states....

The U.S. Oil Dream Is Caracas' Nightmare - M. Kounalakis, Sacamento Bee

Driving up to the gas pump these days is not as frightening as it was just a year ago. Prices are not down to my childhood 49 cents a gallon, but today’s petrol has dropped s...

Venezuela Cuts Oil Export Subsidies - The American Interest

High on the list of countries hit hardest by the plummeting global price of oil is Venezuela. With its own oil selling near $61/barrel, a figure that can only cover half of the gov...

The Sudden Slowdown of Latin America's Economies - Economist

It was great while it lasted. In a golden period from 2003 to 2010 Latin America’s economies grew at an annual average rate of close to 5%, wages rose and unemployment fell, ...

Can Russia Take on the World? - Ana Maria Luca, NOW Lebanon

Russia’s foreign policy of “no” cannot be sustained by its crumbling economy....

Russia Might Cut Oil Production, but How? - Andy Tully, Oil Price

Russian Energy Minister Alexander Novak says Moscow is considering a possible cutback in oil production to help end the drop in prices, but there appears to be little it can do wit...

Cheap Oil Is a Geopolitical Gift to the U.S. - Rich Miller, Bloomberg

A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while en...

It's up to Cuba to Make Concessions - Jaime Suchlicki, Miami Herald

Raúl’s legitimacy is based on his closeness to Fidel Castro’s policies of economic centralization, control and opposition to U.S. policies. Raúl cannot re...

Venezuela