Venezuelan Crisis Escalates as President’s Economic Plans Fuel Tensions - News Summed Up

Venezuelan Crisis Escalates as President’s Economic Plans Fuel Tensions


CARACAS, Venezuela—The exodus of Venezuelans gained pace as the government’s plans to address the collapsing economy fueled anxiety, while tensions grew in neighboring countries that have strained to absorb refugees. Over the weekend, Venezuela’s battered business sector warned that President Nicolás Maduro’s plans—including a leap in the minimum wage, new taxes and a currency devaluation—would paralyze the economy and drive more people out. About 2.3 million have fled since 2014, according to United Nations estimates.


Source: Wall Street Journal August 20, 2018 00:00 UTC



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