Sunday, April 14, 2019

Venezuela's Economic Crisis Keeps On Getting Worse

Reuters: Blackouts threaten death blow to Venezuela's industrial survivors

VALENCIA, Venezuela (Reuters) - The latest power outage kicked off another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela’s industrial hub.

For the past month, unprecedented nationwide blackouts have paralyzed the factory and the rest of the country, cutting off power, water and cell service to millions of Venezuelans.

Lorusso’s packaging plant, Distribuidora Marina, had already struggled through years of hyperinflation, vanishing client orders and an exodus of employees.

But now the situation was worse.

Read more ....

More News On Venezuela

Venezuela in crisis: 'There is no water, no power, no nothing' -- Al Jazeera
Venezuela 'new government' could get $10 billion in trade financing: Mnuchin -- Reuters
'Large' IMF majority on Venezuela leader issue needed: Lagarde -- Reuters
For Venezuela, Producing Onions More Important Than Producing Oil -- Forbes
Maduro orders Venezuela civilian militia expand by nearly 1 million members -- Reuters
Venezuela crisis: Maduro calls for million more militia members -- BBC
German state-owned TV says Venezuela blocked its Spanish channel -- Reuters
U.S. to use all economic, political tools to hold Maduro accountable: Pompeo -- Reuters
US Secretary of State visits Venezuelan migrants in Colombia -- FOX News
Pompeo visits Colombia-Venezuela border -- France 24

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