On Tuesday evening, President Nicolás Maduro announced what in revolutionary newspeak is referred to as a sacudón (shake-up), otherwise known to the rest of the globe as cabinet reshuffle. The most noteworthy replacement happened in the...
Greece has defaulted on one of its many liabilities to its creditors by missing a €1.5 billion of its debt to the IMF. The Greek economy has already taken quite a...
Is Venezuela headed towards hyperinflation? A few days ago, Quico dismissed allegations of runaway hyperinflation in the country. He used a report put out by Francisco Rodriguez and his team...
On Thursday afternoon, Venezuelans found out how their foreign purchasing power evaporated – quite literally – by the minute, as the US dollar surpassed the 400 bolívares (BsF) mark....
Covering the quagmire that Venezuela has become in a fair way has always been the main purpose of Caracas Chronicles. As bloggers we try to unveil to the world what’s...
What a couple of weeks these have been for an already rattled Venezuela. Government officials have been slapped with sanctions. Foreign assets have been seized. Corruption scandals have been unveiled. The economy...
“It was the best of times, it was the worst of times, it was the age of wisdom it was the age of foolishness, it was the epoch...
The Venezuelan government headed East last week to beg for funds from the Chinese in order to save their Revolutionary State. Yet chavismo’s global treasure hunt, regardless of the outcome, is not...
This has been a gruesome year for Venezuela. But as our economy collapses, economists are finding it hard to assess just how screwed up we are, since Venezuela’s Central Bank refuses to...
Leopoldo Lopez, jailed by chavismo for helping light the spark that led to the street protests that erupted nationwide in February, was highlighted by Foreign Policy magazine as one...
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