But analysts warned political struggles lie ahead for the center-right MUD coalition and its moral figurehead Lilian Tintori, if they want a break from the socialist "revolution" launched by late president Hugo Chavez.
The MUD, a broad coalition of dozens of parties, must stay united if it wants to press its advantage against Nicolas Maduro, the country's mustachioed president and champion of "Chavismo."
Despite his fiery campaign rhetoric, Maduro promptly conceded defeat in Sunday's legislative election and called for "coexistence" between the opposition and his PSUV party, which lost control of the National Assembly for the first time since 1999.
"It will be a debate on how we will move forward with more revolution," said the president, whose closest regional ally is Communist Cuba.
"The counter-revolution (opposition) has had this victory in the National Assembly," Maduro said at the presidential palace after meeting with leaders of his party.
"The situation is complicated. We have got to close ranks in a civilian-military alliance," he stressed.
The MUD won 110 seats in the one-chamber assembly, the National Electoral Board said. The ruling socialist PSUV has 55, and two more are not yet decided.
"We have an immense responsibility," Torrealba said in an interview broadcast online.
"What happened yesterday was an electoral tsunami, but a vote of confidence is one thing and a blank check is something else," he added.
"It is not the same thing uniting to resist and uniting to govern," he said, calling on the diverse MUD to "reinvent" itself to "deal with the crisis."
Tintori, the activist and wife of jailed opposition leader Leopoldo Lopez, appeared smiling in world newspapers yesterday as she celebrated with supporters.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
