U.S. concern grows over possible Venezuela meltdown – officials

The United States is increasingly concerned about the potential for an economic and political meltdown in Venezuela, spurred by fears of a debt default, growing street protests and deterioration of its oil sector, U.S. intelligence officials said on Friday.

In a bleak assessment of Venezuela’s worsening crisis, the senior officials expressed doubt that unpopular leftist President Nicolas Maduro would allow a recall referendum this year, despite opposition-led protests demanding a vote to decide whether he stays in office.

But the two officials, briefing a small group of reporters in Washington, predicted that Maduro, who heads Latin America’s most ardently anti-U.S. government and a major U.S. oil supplier, was not likely to be able to complete his term, which is due to end after elections in late 2018.

  • BillyHW

    So they’ve finally run out of other people’s money. Feel the Bern!

    • Go NDP!

      • DavidinNorthBurnaby

        Yeah, go and live in Venezuela, NDP.

    • Jaedo Drax

      They are so far out of money, that they can’t afford to pay the companies that print their money for more money to be printed.

  • DavidinNorthBurnaby

    But, but Hollywood stars think Venezuela is a model for the rest of us. And they’re the best and brightest, right?

    • Norman_In_New_York

      At this point, they are rats abandoning a sinking ship.

    • BillyHW

      And yet, none of them ever move to Venezuela. Bizarre!

  • politicallynaive

    Hooray, for Socialism……I hope Academia has plenty to say over this…yuk yuk

  • Hard Little Machine

    Obama will send the Navy to pick them up and bring them all here so they sit on their butts screaming for free stuff.

  • Clausewitz

    I have no concerns. They shit in their nest, let them marinade in it.