This article talks about the economic and political problems that Venezuela is going through. They talk about hyperinflation since a three digit inflation is expected for this year and how this is affecting the economy and the money liquidity because people don't want to have any cash. Since other countries like the US and other Latin-American countries like Peru, Argentina, Colombia, Chile, have noticed this they are trying to get the president of Venezuela to accept help from them so they can get out of the crisis. But the president Nicolas Maduro is not letting them help because he doesn't want other countries to get involved, and also he want to keep them apart because he believes that letting other countries will take his power away and would make him lose the country. The other countries are concerned because of the risk that this crisis turns into an uncontrolled chaos, and that is why the want to get involved. The US tried to convince Maduro when he had the meeting with the Secretary of State John Kerry, but they couldn't get him to accept the help from them, so we will see what else are the other countries going to do in order to convince Maduro and be able to help Venezuela get out of the crisis.
link: http://www.nytimes.com/2016/09/28/world/americas/venezuela-refuses-us-aid.html?rref=collection%2Ftimestopic%2FUnited%20States%20Economy&action=click&contentCollection=timestopics®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
I can't believe the President doesn't want help for other countries to help solve there hyperinflation. It's a classic power hungry move by a political power putting the needs of themselves about the needs of the country
ReplyDeleteIf Maduro believes that everything in Venezuela is perfect then he is delusional. Kuczynski brings up a very good point when he says that Maduro and official need "pressure in a nice way, without trying to interfere too much." Persuasion is the key here since Maduro refuses to accept any aid. Pushing him to accept aid could start more turmoil, but the people need it. It's painful to see the people of this hurting nation not find the relief they need. International aid might be the quickest, if not the only way for Venezuela to start stabilizing their political and economic state. I would be interested to see how Venezuelans are behaving knowing that their president is refusing to accept help.
ReplyDeleteReading this article I was very surprised at how the president has remained his presidential status. The article states that there is strong opposition for other parties, but Maduro has been able to protect himself by imprisoning all people calling for a recall vote. It makes me wonder when and in what kind of state Maduro will finally be removed from office.
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