VOICED : Venezuela: Parlamento rechaza decreto de emergencia economica

VOICED : Venezuela: Parlamento rechaza decreto de emergencia economica

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Interactive Video

Social Studies, History, Business

9th - 12th Grade

Hard

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The Venezuelan Parliament, led by the opposition, rejected an economic emergency decree issued by President Nicolás Maduro, citing it as a failed model. The decree, presented on January 14, 2016, was defended by government officials as necessary to combat economic challenges, including falling oil prices. The opposition had previously indicated their disapproval due to the absence of economic ministers to explain the decree's implications. President Maduro accused the opposition of turning their backs on the country. Official data showed Venezuela experienced high inflation and a GDP contraction in 2015.

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