Venezuelan Opposition Leader Prepares for Final Push to Oust Maduro

Venezuela’s opposition leader has urged supporters to prepare for a final push to try to oust President Nicolas Maduro, calling on his followers to take to the streets to protest over nationwide power cuts.

It comes at a time when the South American country is in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory.

On Monday, Venezuela was hit by another massive power outage. The rolling blackouts — which have become a near daily occurrence in recent years — have hit hospitals, public transport, water pipelines and other services.

Maduro has said the power cuts were an act of sabotage by the opposition and the U.S.

However, opposition lawmakers in Venezuela say the blame lies solely with the socialist government, following two decades of economic mismanagement, under-investment and corruption.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza