ASSESSMENTS

Looking for a Way Out of Venezuela's Crisis

Apr 7, 2016 | 09:15 GMT

As Venezuela's crises continue, President Nicolas Maduro and his ruling United Socialist Party face waning popular support and growing public unrest.
As Venezuela's various crises continue, President Nicolas Maduro and his ruling United Socialist Party face waning popular support and growing public unrest.

(JUAN BARRETO/AFP/Getty Images)

Summary

In Venezuela, there are more political moves afoot than the country's political impasse suggests. As Venezuela slouches toward a potentially catastrophic default on foreign debt and wider social unrest appears more and more likely, individuals in the ruling United Socialist Party of Venezuela (PSUV) are looking for a way out of the crisis, largely motivated by self-interest. After all, if the crisis in Venezuela continues unabated, the country's elites are sure to lose political status, and with it, the security it brings them. 

In Venezuela, there are more political moves afoot than the country's political impasse suggests. As Venezuela slouches toward a potentially catastrophic default on foreign debt and even wider social unrest appears more and more likely, individuals in the ruling United Socialist Party of Venezuela (PSUV) are looking for a way out of the crisis, largely motivated by self-interest. After all, if the crisis in Venezuela continues unabated, the elite in the country are sure to lose political status, and with it, the security it brings them....

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