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Pragmatist Succeeds Marxist in Venezuela

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Central bank chief Nelson Merentes becomes the new finance minister in the administration of president Maduro in Venezuela. Former finance minister Giordani remains part of the economic team. An internal debate is taking place inside Maduro's economic team about the right policy course to follow considering the shortage of dollars in Venezuela, the policies of giving gasoline almost for free, lack of investment in the oil industry, and economic stagnation in Venezuela.

Chavez successor Nicolas Maduro in Venezuela

10/01/2012

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Pragmatist Succeeds Marxist in Venezuela

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Almost-Free Gas Comes at a High Cost

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Pragmatist Succeeds Marxist in Venezuela

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