Oil riches mean little in the chaos of Venezuela

Venezuela's President Nicolas Maduro rallying government supporters in Caracas (photo: dpa)
Venezuela's President Nicolas Maduro rallying government supporters in Caracas (photo: dpa)

Venezuela is in chaos despite having the world’s largest oil reserves. Brief hopes of a reconciliation between government and opposition were dashed when talks broke down after student protests ended in violent clashes in the streets. In the background, thousands of Cuban advisers are reported to be in complete control of the armed forces and intelligence agencies. The current situation is untenable.

Oil riches mean little in the chaos of Venezuela

<em>Venezuela is in crisis. There is violence on the streets and increasing discontent. UNASUR, together with the Vatican, is attempting to create a dialogue about political accommodation. In the decades after President Hugo...

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