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Caribbean-Latin America |
Venezuelan president tries out new emergency powers |
2013-11-23 |
[NEWS.YAHOO] Venezuelan President Nicolas Maduro exercised new emergency powers for the first time Thursday, signing decrees limiting business profit margins and tightening regulation of imports. He acted as part of a so-called "economic war" against a crisis for which he blames the opposition "bourgeoisie" and imperialism. Under new powers granted to Maduro on Tuesday, the two new laws aim to control prices and profits in the business sector and closely monitor imports and exports and hard currency that comes in from oil sales, Venezuela's main source of revenue. |
Posted by:Fred |
#1 What's the over-under on times circling the drain before the flush takes full effect? |
Posted by: AlanC 2013-11-23 18:32 |