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As Venezuela Falters, Cuba Works to Avoid Another 'Special Period'

Oct 13, 2017 | 17:32 GMT
Car ownership in Cuba lags behind other Caribbean nations. Nevertheless, the loss of Venezuelan oil could hamper the country's budget.

Car ownership in Cuba lags behind other Caribbean nations. Nevertheless, the loss of Venezuelan oil could hamper the country's budget.

(JOE RAEDLE/Getty Images)

In Cuba, austerity is threatening to make an unwanted comeback. The island's government is planning for an immediate future of budget cutbacks with little chance of financial relief. The root cause of Cuba's slide into austerity is the Venezuelan economic crisis. Cuba receives around 55,000 barrels per day of mostly...

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