AP Explains: Venezuela’s economy, political crisis
CARACAS, Venezuela (AP) – Venezuela’s President Nicolas Maduro was starting a second, six-year term Thursday despite international cries urging him to step down and return democratic rule to a country suffering a historic economic implosion.
Maduro says he’s going to turn around an economy whose collapse he blamed on U.S. sanctions. However, few experts see signs that his policies will rescue the once-wealthy OPEC nation. Inflation is soaring, internal political divisions are deepening and millions of Venezuelans have left the country.
The Associated Press explains Venezuela’s economic and political crisis: