Pulling Venezuela back from the brink

[Zorro]

In just the past few weeks, President Obama has opened official ties with Cuba and clinched a nuclear deal with Iran. Now Venezuela, another longtime US adversary, might be next in line for a bit of reconciliation with Washington.

Secretive negotiations between the two countries have picked up in recent months, perhaps reversing years of belligerency and estrangement. The talks have come none too soon. Venezuela’s economy is faltering fast, even more so than Greece’s, with mobs looting supermarkets, inflation reaching triple digits, and opposition figures like Leopoldo López being thrown in jail by President Nicolás Maduro.

The rest of the world, especially other countries in Latin America, should be cheering on these talks. The country has experienced an average of 14 protests a day. A collapse of the Venezuelan economy or its government is in no one’s interest, especially its neighbors.

With the world’s largest known oil reserves, Venezuela could eventually be a model for other countries in how to use its resources well, instead of being a sad lesson in corruption, personal rule, and economic mismanagement.

http://news.yahoo.com/pulling-venezuela-back-brink-204403840--politics.html

Pardon me for breaking up the LatAm Spambot string...

[Marksman_91]

1. The combo break is appreciated. Going back to topic...

It's truly sad how a country with so much potential has turned into one of the worst cases of government mismanagement and corruption in an entire continent, perhaps an entire hemisphere. It's gonna take a long time to undo all the damage brought to Venezuela by chavismo. I just hope that the end of chavismo in power comes sooner than later.

[Zorro]

2. I think Maduro and his cronies won't let go of power

and that the worst is yet to come for Venezuela. Such a shame.