Venezuela is about to collapse. The country is deeply divided between those who support the revolution and the opposition that wants to overthrow Nicolas Maduro, who inherited the power from Hugo Chavez, and change the destiny of the country. The profound economic crisis and the shortage of basic goods have […]
As Venezuela sinks deeper into political crisis, its population of 31 million is suffering. Given the severe state of affairs in the South American nation, and the increasingly unlikely prospect of peaceful resolution, international community ask the question: is outside intervention needed?
On March 30, Venezuela’s Supreme Court magistrates, aligned with Socialist President Nicolas Maduro, ruled that it would have to take-over the opposition-led Congress legislative power. The ruling effectively dissolved the elected legislature and signed the tipping point of a political and economic crisis, which has consumed the oil-rich nation since […]
In accordance with the reports by Al Jazeera, Venezuela has the largest oil reserves in the world, but has gradually turned into the poorest performer in the region, concerning the growth of GDP per capita.