Venezuela leader’s foes move to out him amid economic woes

Venezuela leader’s foes move to out him amid economic woes

PanARMENIAN.Net - The new opposition-controlled National Assembly in Venezuela plans to speed up moves to oust the government of Nicolas Maduro as economic woes deepen, according to BBC News.

Parliament speaker Henry Ramos Allup said proposals would be presented in a matter of days - rather than months.

A day earlier, President Maduro was given backing by the Supreme Court for a declaration of economic emergency, giving him greater powers.

Venezuela is facing a shortage of many staple goods and rampant inflation.

Its economy is heavily dependent on oil exports and has suffered substantially in the past year given the sharp fall in crude oil prices in international markets.

Energy rationing has been imposed, blamed by government ministers on critically low water levels caused by drought at 18 of the country's hydro-electric dams.

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