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Andean Group - January 2015 (ISSN 1741-4466)

Crunch time for Venezuela

With Venezuelan oil at US$38.5 a barrel, and the world watching in wonder at the long queues snaking around Caracas as people seek out the most basic household supplies, President Nicolás Maduro’s much-touted but scarcely-detailed plans for ‘economic reactivation’ appear to be leaning towards ever-tighter military efforts against the ‘fourth generation’ war Maduro says is being waged against the Bolivarian Revolution by international right-wing conspirators.

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