prolonged economic distress Venezuela

Venezuelan President Nicolas Maduro, the economic state of emergency in his country extended by 60 days.

The socialist government of Maduro wants to prevent it implements parliament dominated by the opposition cuts in social programs. The opposition uses the argument that revenues from oil exports are deposited together by the sharp drop in oil prices.

Venezuela is in an economic and political crisis. There is a great shortage of first necessities. This week, mobs looted shops and took chicken, flour and even underwear with.

For Saturday are in the capital Caracas large demonstrations planned regeringsgezinden well as the opposition. Violence is feared. Wednesday was a protest march of the opposition from a confrontation with the police. The protesters wanted to force the National Electoral Council makes haste with assessing a petition that the deposition of the 53-year-old president should allow. However, Maduro has not sworn duties to give up until his term expires in 2019.

The opposition took previously nearly two million signatures to allow a referendum on the status of Maduro.