it was once an oil-rich capital of the
world but as of 2016 this South American
Federal Republic has one of the world’s
worst performing economies from food
shortages to electricity rationing to
massive inflation welcome to
watchmojo.com down 10 crucial facts you
should know about the ongoing crisis in
Venezuela number 10
what is the Venezuelan crisis as of 2016
Venezuela has been in a massive social
and political crisis as the country’s
economy suffers in the wake of falling
oil prices increasing debt and a drought
triggered by the El Nino weather
phenomenon as food medicine and energy
shortages intensified president Nicolas
Maduro declared a state of emergency in
May 2016 which despite being challenged
by the opposition controlled National
Assembly was backed by the Supreme Court
according to the court the measure is
necessary in light of quote
extraordinary social economic political
natural and ecological circumstances
that are gravely affecting the national
economy number 9 how will the state of
emergency affect citizens the measure
gives Maduro and the government even
greater control of the country allowing
the president and the armed forces power
to distribute and sell basic goods
services and food it also creates an
option for local authorities to reduce
the private sector working week as has
already happened in the public sector in
an effort to conserve electricity the
extraordinary measures include for our
rolling blackouts and imposing a two day
workweek as inflation continues to
worsen food and medication shortages
have grown more frequent and there are
reports of looting across the country
the state of emergency initially set for
60 days we’ll look to rebalance what’s
become an incredibly fraught situation
number eight who is currently leading
the country Nicolas Maduro took over as
president of Venezuela in 2013
succeeding Hugo Chavez who
had essentially led since 1999 an X bus
driver and trade union leader Maduro has
ruled by decree for the majority of his
tenure and has struggled to win approval
ratings throughout his time in the
position as leader of the United
Socialist Party of Venezuela Maduro has
labeled the current crisis as a
right-wing ploy to out him from power
orchestrated by the United States and
linked to the recent impeachment of
fellow leftist Juma Rousseff in Brazil
quote Washington is activating measures
at the request of Venezuela’s fascist
right who are emboldened by the coup in
Brazil he said number seven who opposes
the government despite Maduro x’
position as president of Venezuela the
National Assembly is majority controlled
by his political opposition following
legislative election losses in December
2015 the Assembly is pushing for a
recall referendum against the president
as well as changes to the Constitution
which could shorten his term from six
years to four the state of emergency has
been slammed by Maduro rivals as a quote
desperate and panicked attempt to
maintain control there’s also an
ever-increasing number of public
protests against Maduro as Venezuelan
living conditions continue to
deteriorate number six is the economy
heading for collapse the International
Monetary Fund has predicted that the
Venezuelan economy will contract by 8
percent in 2016 while it shrank around
5.7 percent in 2015 the economic
situation is bleak and analysts are
predicting that it will only get bleaker
the IMF has estimated that inflation
could rise to as much as seven hundred
and twenty percent in 2016 tipping
Venezuela into all-out collapse the
country is also heavily in debt with no
immediate means of paying off what’s
owed according to the Telegraph around
116 billion is due over the next two
decades with a round of fifth of
payments due in the next two years
number five how have oil prices affected
the economy as an OPEC member with the
world’s largest proven oil reserves
Venezuela’s economy has been through
some exceptionally positive spells in
recent history however as the price of
oil has fallen so dry
Stickley in the last two years and
because oil accounts for around 95% of
Venezuela’s export earnings the current
economic crisis is distinctly caused by
changing prices according to IMF
estimations the Venezuelan state earned
around 80 billion dollars through oil in
2013 the year Maduro took over as
president
however the projected figure for 2016 is
only between 20 and 25 billion dollars
with massive damage being inflicted in
2014 in particular when prices fell by
around 50 percent number four
how has inflation affected the country
food and healthcare shortages are among
the most pressing problems with
Venezuelans lining up in the hundreds
for basic supplies which are rapidly
running out as the government massively
cuts imports in a bid to save money
supermarkets are struggling to stock
food and hospitals are running
dangerously low on medicine as a result
a black market has emerged for buying
and trading products which are now
scarcely attainable there’s also a
growing problem with looting as an
already notoriously violent country
turns more desperate by the day
according to the Venezuelan Observatory
of social conflict there were more than
166 looting incidents between January
and April 2016 alone number three how
have citizens reacted to the current
state of affairs the observatory of
social conflict also says that there
were 2138 protests in Venezuela during
the first four months of 2016 indicating
exactly how unhappy the population has
become CNN reports that a key poll now
shows that almost 70% of Venezuelans
believe that Maduro should be replaced
and many are taking to the streets to
make their feelings known
Caracas the Venezuelan capital has seen
tensions rapidly rise with its residents
as black market trading and lootings
intensify Venezuela also has a problem
with violent crime levels and has one of
the world’s worst homicide rates
therefore analysts are worried that
increasing public anger could result in
bloodshed number 2 have these protests
happened before Venezuela and Caracas in
particular is no stranger to violent
beginning in 1989 the cada Casso was a
wave of demonstrations and riots in the
city which escalated into shootings and
massacres at that time protesters were
targeting economic reform brought in by
the then government and a series of
week-long clashes resulted in hundreds
of deaths fights broke out between those
for and against the government but also
between the people and the country’s
security forces and military
unofficially
many believe that venezuelan police
killed thousands of protesters during
kodaka so as Maduro state of emergency
hands increased control to the
venezuelan forces in 2016
some fear that we could yet see similar
scenes to those they had almost 30 years
ago
number one will the international
community intervene the Venezuelan
crisis is front-page news in the
Americas but the International reaction
is still somewhat muted this could be in
part due to Maduro zante u.s. narrative
where he insists that the country’s
problems can be blamed on a clash
between right and left political
ideologies our only enemy is the
government in Washington well you ever
look at your living walking boom
the White House has recently renewed
legislation to sanction human rights
abuse and corruption in Venezuela but is
unlikely to get involved at this stage
at the risk of giving Maduro ammunition
for his anti America rhetoric the more
optimistic onlooker might still believe
that Venezuela can overcome its problems
without need for international help at
all
Maduro lost the National Assembly in
late 2015 and has been losing public
support since the start of 2016
Tomoe con sorry collodion omeka Teta KKK
r economica s own exists a Maduro la
gare economical atenas – contra nosotros
it just remains to be seen whether he
can cling to his position or whether
it’ll be wrestled away from him did
these facts get you thinking to vote for
which news story is covered next head
over to watchmojo.com slash suggest and
be sure to hit that subscribe button for
more newsworthy top 10s published every
week a heresy of military nacionales
teleforce Armada del pollo
either a militia
world but as of 2016 this South American
Federal Republic has one of the world’s
worst performing economies from food
shortages to electricity rationing to
massive inflation welcome to
watchmojo.com down 10 crucial facts you
should know about the ongoing crisis in
Venezuela number 10
what is the Venezuelan crisis as of 2016
Venezuela has been in a massive social
and political crisis as the country’s
economy suffers in the wake of falling
oil prices increasing debt and a drought
triggered by the El Nino weather
phenomenon as food medicine and energy
shortages intensified president Nicolas
Maduro declared a state of emergency in
May 2016 which despite being challenged
by the opposition controlled National
Assembly was backed by the Supreme Court
according to the court the measure is
necessary in light of quote
extraordinary social economic political
natural and ecological circumstances
that are gravely affecting the national
economy number 9 how will the state of
emergency affect citizens the measure
gives Maduro and the government even
greater control of the country allowing
the president and the armed forces power
to distribute and sell basic goods
services and food it also creates an
option for local authorities to reduce
the private sector working week as has
already happened in the public sector in
an effort to conserve electricity the
extraordinary measures include for our
rolling blackouts and imposing a two day
workweek as inflation continues to
worsen food and medication shortages
have grown more frequent and there are
reports of looting across the country
the state of emergency initially set for
60 days we’ll look to rebalance what’s
become an incredibly fraught situation
number eight who is currently leading
the country Nicolas Maduro took over as
president of Venezuela in 2013
succeeding Hugo Chavez who
had essentially led since 1999 an X bus
driver and trade union leader Maduro has
ruled by decree for the majority of his
tenure and has struggled to win approval
ratings throughout his time in the
position as leader of the United
Socialist Party of Venezuela Maduro has
labeled the current crisis as a
right-wing ploy to out him from power
orchestrated by the United States and
linked to the recent impeachment of
fellow leftist Juma Rousseff in Brazil
quote Washington is activating measures
at the request of Venezuela’s fascist
right who are emboldened by the coup in
Brazil he said number seven who opposes
the government despite Maduro x’
position as president of Venezuela the
National Assembly is majority controlled
by his political opposition following
legislative election losses in December
2015 the Assembly is pushing for a
recall referendum against the president
as well as changes to the Constitution
which could shorten his term from six
years to four the state of emergency has
been slammed by Maduro rivals as a quote
desperate and panicked attempt to
maintain control there’s also an
ever-increasing number of public
protests against Maduro as Venezuelan
living conditions continue to
deteriorate number six is the economy
heading for collapse the International
Monetary Fund has predicted that the
Venezuelan economy will contract by 8
percent in 2016 while it shrank around
5.7 percent in 2015 the economic
situation is bleak and analysts are
predicting that it will only get bleaker
the IMF has estimated that inflation
could rise to as much as seven hundred
and twenty percent in 2016 tipping
Venezuela into all-out collapse the
country is also heavily in debt with no
immediate means of paying off what’s
owed according to the Telegraph around
116 billion is due over the next two
decades with a round of fifth of
payments due in the next two years
number five how have oil prices affected
the economy as an OPEC member with the
world’s largest proven oil reserves
Venezuela’s economy has been through
some exceptionally positive spells in
recent history however as the price of
oil has fallen so dry
Stickley in the last two years and
because oil accounts for around 95% of
Venezuela’s export earnings the current
economic crisis is distinctly caused by
changing prices according to IMF
estimations the Venezuelan state earned
around 80 billion dollars through oil in
2013 the year Maduro took over as
president
however the projected figure for 2016 is
only between 20 and 25 billion dollars
with massive damage being inflicted in
2014 in particular when prices fell by
around 50 percent number four
how has inflation affected the country
food and healthcare shortages are among
the most pressing problems with
Venezuelans lining up in the hundreds
for basic supplies which are rapidly
running out as the government massively
cuts imports in a bid to save money
supermarkets are struggling to stock
food and hospitals are running
dangerously low on medicine as a result
a black market has emerged for buying
and trading products which are now
scarcely attainable there’s also a
growing problem with looting as an
already notoriously violent country
turns more desperate by the day
according to the Venezuelan Observatory
of social conflict there were more than
166 looting incidents between January
and April 2016 alone number three how
have citizens reacted to the current
state of affairs the observatory of
social conflict also says that there
were 2138 protests in Venezuela during
the first four months of 2016 indicating
exactly how unhappy the population has
become CNN reports that a key poll now
shows that almost 70% of Venezuelans
believe that Maduro should be replaced
and many are taking to the streets to
make their feelings known
Caracas the Venezuelan capital has seen
tensions rapidly rise with its residents
as black market trading and lootings
intensify Venezuela also has a problem
with violent crime levels and has one of
the world’s worst homicide rates
therefore analysts are worried that
increasing public anger could result in
bloodshed number 2 have these protests
happened before Venezuela and Caracas in
particular is no stranger to violent
beginning in 1989 the cada Casso was a
wave of demonstrations and riots in the
city which escalated into shootings and
massacres at that time protesters were
targeting economic reform brought in by
the then government and a series of
week-long clashes resulted in hundreds
of deaths fights broke out between those
for and against the government but also
between the people and the country’s
security forces and military
unofficially
many believe that venezuelan police
killed thousands of protesters during
kodaka so as Maduro state of emergency
hands increased control to the
venezuelan forces in 2016
some fear that we could yet see similar
scenes to those they had almost 30 years
ago
number one will the international
community intervene the Venezuelan
crisis is front-page news in the
Americas but the International reaction
is still somewhat muted this could be in
part due to Maduro zante u.s. narrative
where he insists that the country’s
problems can be blamed on a clash
between right and left political
ideologies our only enemy is the
government in Washington well you ever
look at your living walking boom
the White House has recently renewed
legislation to sanction human rights
abuse and corruption in Venezuela but is
unlikely to get involved at this stage
at the risk of giving Maduro ammunition
for his anti America rhetoric the more
optimistic onlooker might still believe
that Venezuela can overcome its problems
without need for international help at
all
Maduro lost the National Assembly in
late 2015 and has been losing public
support since the start of 2016
Tomoe con sorry collodion omeka Teta KKK
r economica s own exists a Maduro la
gare economical atenas – contra nosotros
it just remains to be seen whether he
can cling to his position or whether
it’ll be wrestled away from him did
these facts get you thinking to vote for
which news story is covered next head
over to watchmojo.com slash suggest and
be sure to hit that subscribe button for
more newsworthy top 10s published every
week a heresy of military nacionales
teleforce Armada del pollo
either a militia
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