What Happened This Week:
The U.S. government continues to tighten the screws on Nicolas Maduro’s regime in Venezuela; on Monday, the Trump administration announced extensive sanctions against Venezuela’s state-oil giant Petroleos de Venezuela (PDVSA) in a push to collapse the regime in favor of Venezuela’s parliamentary leader and self-proclaimed “interim president,” the 35-year-old engineer Juan Guaido. On Tuesday, the Trump administration handed control to a number of Venezuelan government accounts at the Federal Reserve Bank of New York over to Guaido, ratcheting up pressure further.
Why It Matters:
Because Venezuela continues to be the world’s worst economic-cum-humanitarian disaster. The economic policies of the …read more
Source: Time
