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by Alexander MARTINEZ CARACAS , Venezuela (AFP) — Venezuelan President Nicolas Maduro owes his rule to his leftwing predecessor, the late Hugo Chavez, and he’s not about to let anybody forget it. He often gives speeches in front of portraits of Chavez, whom he calls “the eternal commander,” speaks of continuing the “Chavismo” brand of socialism, and wears the red shirts or caps that are the emblematic color of Chavez’s “Bolivarian revolution.” The props are […]
CARACAS, Venezuela (Reuters) — Venezuelan President Nicolas Maduro on Wednesday (February 17) devalued the currency and raised heavily subsidized fuel prices in an effort to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient. The measures are meant to help shore up the OPEC nation’s finances as plummeting oil prices and a collapsing state-led economic model have left the country with a severe recession, triple-digit inflation and […]
Argentina’s economy will edge higher this year as the new government lifts interventionist controls, later fuelling growth of about 4.5 percent annually between 2017 and 2019, Finance Minister Alfonso Prat-Gay said on Thursday (January 14). “With our numbers we calculate an estimated (economic growth) of between 0.5 percent and 1 percent this year in 2016, but above all with much stronger growth in the second half of the year,” he said, during a news conference […]
