Tough road for Venezuela after dire data, inadequate measures

[Bacchus4.0]

http://www.reuters.com/article/us-venezuela-economy-idUSKCN0VR1RI


Venezuela's central bank on Thursday released long-awaited data showing the depth of the OPEC country's recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient to salvage the unraveling economy.

The bank reported that Venezuelan inflation hit 180.9 percent in 2015, one of the highest rates in the world, while the economy contracted 5.7 percent.

The data showed the depth of Venezuela's crisis and raised the prospect new measures may hurt Venezuelans without significantly improving finances in a country already facing shortages of basics like milk and medicines.

Under Maduro's emergency measures, the price of Venezuela's fuel - the world's cheapest - will be increased for the first time in nearly 20 years and the complex system of fixed exchange rates has been devalued and revamped.

[nichomachus]

1. So Obama and the CIA are succeeding

In their plan to cripple Venezuela.

[COLGATE4]

2. You forgot to put the little

sarcasm thingy on your post.

[juxtaposed]

4. i don't think there is or should be one

[COLGATE4]

5. Try and do a little reading about the facts in

Venezuela before signing onto such a discredited line.

[GGJohn]

12. And of course, you'll post proof of what you claim any minute now, right? eom.

[juxtaposed]

3. I'm still waiting for the indigenous populatoin to rise up again and rid the country of fascists

which I hope this site will do the same.

[COLGATE4]

6. If they do, it will be

the fascists that they be get rid of are Maduro and his henchmen, the same people who have looted the Venezuelan economy of billions of dollars and now left it in a state of smoldering ruin. From the envy of Latin America to this hemisphere's Zimbabwe in 15 short years. Quite a record.

[Bacchus4.0]

7. The indigenous population is about 500,000 in a country of about 30 million

interesting note though that the government invalidated the election results of 4 indigenous representatives to the legislature in the Amazon region.

[juxtaposed]

8. Time will tell, we are in a different time now. Lets see where this plays out?

It's a new world and many are watching.

[Bacchus4.0]

9. An uprising against the current government is a distinct possibility

It wouldn't be just indigenous people though.

[GGJohn]

13. ....

I'm still waiting for the indigenous populatoin to rise up again and rid the country of fascists which I hope this site will do the same

And just who are the fascists here that you want to get rid of?

Not a fan of free speech, are you.

[juxtaposed]

10. If I was an expatriate hiding my money in america, funding the overthrow a popular elected government

hoping and waiting to resume my righteous place as the ruling class, I would kiss my wealth and ASS goodbye b/c the ppl "masses" will eat you up! and I would be happy to throw a few bucks there way!

[Marksman_91]

11. You seem to have certain people mixed up

The ones with multimillion dollar accounts overseas in tax havens such as Andorra are the Chavista leaders. If there is an uprising soon in Venezuela, it would be against Maduro and his ilk, who have all but left the country in ruin.