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Weekly Report - 03 May 2018 (WR-18-17)
VENEZUELA: Maduro takes up arms in economic war
“A shield against the criminal economic war of the neoliberal oligarchy and the International Monetary Fund.” This is how Venezuela’s President Nicolás Maduro described a massive increase in the minimum wage and monthly food ticket which he decreed in time for International Labour Day on 1 May, and three weeks before presidential elections on 20 May. The shield offers no protection, however, against the hacking and hewing of hyperinflation.
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