austerity measures

Venezuela: Maduro rules out austerity amid falling oil prices, debate over way forward

By Steve Ellner, Puerto La Cruz It is a point of honour for the Venezuelan government that despite the sharp plunge in oil prices and acute shortages of goods, President Nicolas Maduro has ruled out austerity measures. In a recent TV interview with former vice president Jose Vicente Rangel, Venezuelan Central Bank president Nelson Merentes … Continue reading →