Market Outlook: Chaos in Caracas

As if things weren’t bad enough already in Venezuela, yesterday, opposition leader Juan Guaido, after several days of skirmishes and an attempted army coup, declared himself interim President outside the Miraflores Presidential Palace. Quick as a flash President Trump took to social media vowing to back the man, followed by leaders of some other countries in the Americas, so it appears to be a concerted international effort. Today Russian media has come out condemning US and Canadian support. A spokeswoman for Russia’s foreign ministry added, ‘’the developments..illustrate the progressive western community’s real attitude to international law, sovereignty, and non-interference’, reports the Financial Times.

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