After years of steady economic decline, Venezuela is in the grips of the deepest crisis of its recent history. How did a country once seen as a model for left-wing movements get here, and what comes next? The plunge in world oil prices has left the government owing money across the board, from foreign airlines to oil service companies. Opponents say Maduro's bid to call a constitutional convention is a ploy to put off elections that polls say it would lose. The opposition is vowing to continue massive protests until the government makes concessions, and Maduro has committed himself to a massive restructuring of the country's political structure.

Source: ABC News May 02, 2017 19:16 UTC