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Weekly Report - 07 January 2016 (WR-16-01)

VENEZUELA: A sinking ship?

“Maduro’s ‘new’ cabinet reminds me of the Titanic’s tragic orchestra in its fatal farewell,” opposition deputy Américo de Grazia tweeted in response to President Nicolás Maduro’s latest cabinet reshuffle, unveiled late on 6 January. The reshuffle signalled anew that the Maduro administration is ‘not for turning’, as famously uttered by the British ‘Iron Lady’, Margaret Thatcher, with two left-wing radicals brought in to oversee economic policy. The ruling Partido Socialista Unido de Venezuela (PSUV) declared “neither pacts nor conciliation” as the new national assembly controlled by the opposition Mesa de la Unidad Democrática (MUD) convened for the first time. And with the assembly’s new president, Henry Ramos Allup, vowing a “constitutional change of government in six months”, the stage appears to be set for a major and potentially turbulent showdown in Venezuela in the first half of 2016.

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