The country is struggling with widespread blackouts, shortages, and looting as the collapse in oil prices has plunged it into economic turmoil.
The Independent reports:
Reuters described the context surrounding the two countries’ long-estranged relationship:
Unnamed high-ranking U.S. officials spoke to Reuters early Friday, warning of a looming “meltdown” in the country:
“You can hear the ice cracking. You know there’s a crisis coming. Our pressure on this isn’t going to resolve this issue,” one official told the news service.
“This is really not the case that the U.S. is rooting for any outcome other than there not be an economic meltdown or social violence,” another said. “There are reasons for concern that over the summer as Venezuela gives importance to payments on debt over imports that these events could spiral.”
“Maduro’s government has consistently paid its debt on time,” noted Reuters, “and has slammed market fears of a default as an international smear campaign.”
Our work is licensed under a Creative Commons Attribution-Share Alike 3.0 License. Feel free to republish and share widely.
Click Here: NRL Telstra Premiership