Venezuela's Maduro wins decree powers in US confrontation

Image
AFP Caracas
Last Updated : Mar 16 2015 | 1:57 AM IST
Venezuelan lawmakers voted today to give socialist President Nicolas Maduro special powers to go it alone in defense and public safety affairs amid an escalating confrontation with Washington.
The decree powers were approved by a show of hands in the National Assembly -- which is packed with Maduro allies -- after two hours of debate. They will be in effect until the end of the year.
"This Assembly declares this law approved," said speaker Diosdado Cabello.
"We are going to head over there in front of Miraflores (presidential) Palace to deliver the law to the people and comrade Nicolas Maduro," Cabello added.
An anti-US march had been called by the Cuban-allied socialist government at the palace.
Venezuela is in the midst of 10 days of nationwide military exercises, as the country faces a deepening economic crisis and rampant shortages of the most basic goods.
Maduro recently accused Washington of backing an opposition plot to overthrow him in a coup that he says would have involved bombing the presidential palace. The US government has dismissed the charges as baseless.
Relations hit a new low last week when US President Barack Obama slapped new sanctions on the Venezuelan government, calling the country "an extraordinary threat to the national security" of the United States.
Caracas responded by angrily recalling its envoy to Washington and ramping up its military preparedness.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 16 2015 | 1:57 AM IST

Next Story