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It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
According to the United Socialist Party of Venezuela (PSUV—of which Maduro serves as president), "the Venezuelan people overflowed with love and joy in all states of the country" in the Great National March for Peace and in support of President Nicolás Maduro (Gran Marcha Nacional por la Paz y en apoyo al President Nicolás Maduro). [99]
In 1970, Venezuela had been one of the 20 wealthiest countries in the world measured by gross domestic product (GDP) per capita; Pérez turned the country "into a socialist nightmare of price ...
The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
WASHINGTON/HOUSTON (Reuters) -The United States on Friday imposed new sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President ...
A Venezuela election body stacked with Maduro backers has declared Maduro the winner of the country’s July 28 election but refused to release vote tallies. Opposition leaders say partial tallies ...
Socialist International – In a statement titled The Last Vestiges of Democracy in Venezuela Fall, the group stated that the TSJ's declaration was "a critical blow to the last vestiges of democracy" in Venezuela, further stating that "Socialist International, in the face of the gravity of what is happening in Venezuela, condemns and denounces ...
Opponents of Venezuelan President Nicolás Maduro took to the streets Wednesday in an attempt to revive protests against him as he tightens his grip on power following last month's disputed election.