.... On Jan. 4, the Lima Group announced they would only recognize the country’s National Assembly as a legitimately elected body and called for the OAS to follow suit.
“On Jan. 10, the clock starts ticking on a full-fledged accountability crisis in Venezuela,” said Luisa Palacios, the head of Emerging Markets research at Medley Global Advisors.
The group includes the governments of Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Guatemala, Guyana, Honduras, Panama, Paraguay and Peru – but not Mexico. A president that much of the region considers illegitimate could mean that Venezuelans representing the Maduro government won’t be able to enter many countries. Further, financial dealings could be thwarted, accounts in foreign soil frozen, and weapons cooperation suspended. ...
...in 2019 with oil production falling below 1 million barrels a day.
What Venezuela’s severe economic crisis and hyperinflation mean is that Maduro’s capacity to distribute rents is significantly declining and the value of those rents is evaporating. ...
... I have always thought that regime change in Venezuela might be a two-stage process with some kind of political change within chavismo before there is a transition towards an opposition government.
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