Venezuelan opposition wins legislative voting in landslide

Venezuela's opposition won control of the National Assembly by a landslide, stunning the ruling party and altering the balance of power 17 years after the late Hugo Chavez kicked off the nation's socialist revolution.
The opposition coalition won at least 99 seats in the incoming 167-seat legislature, electoral authorities announced after midnight Sunday. The ruling socialist party won 46 seats. The 22 remaining races remain up for grabs but if enough are won by the opposition it could give the coalition a two-thirds supermajority needed to strongly challenge President Nicolas Maduro's grip on power.
The streets of the Venezuelan capital of Caracas broke out in shouts of joy, fireworks and car honks after National Electoral Council President Tibisay Lucena announced the partial results six hours after polls closed.

In the plaza in wealthy eastern Caracas that was the epicenter of last year's bloody anti-government protests, a small group of opponents, some of them sipping champagne, burned red shirts that are the obligatory revolutionary attire.
Within seconds, Maduro recognized the opposition's win, saying that despite an adverse result Venezuela's democracy had triumphed.
But he recalled the long history of US-supported coups in Latin America in blaming the "circumstantial" loss on a conservative "counter revolution" trying to sabotage the oil-dependent economy and destabilize his rule, "I can say today that the economic war has triumphed," Maduro, surrounded by his party's top leadership, said from the presidential palace.

Opposition leaders meanwhile spoke in strident terms, a prelude to what's likely to be a period of intense political fighting in a deeply polarized country mired in an economic crisis.

Voter turnout was a stunning 74 percent, the highest for a parliamentary vote since compulsory voting ended in the 1990s, as Venezuelans punished Maduro's government for widespread shortages, a plunging currency and triple-digit inflation that has brought the economy to its knees.
"Venezuelan families are tired of living the consequences of the failure," Jesus Torrealba, head of the Democratic Unity opposition coalition, told supporters at campaign headquarters. "The country wants change and that change is beginning today."

The opposition victory deals a serious setback to the socialist revolution started almost 17 years ago by the late Hugo Chavez, who until his death in 2013 had an almost-magical hold on Venezuela's long-excluded masses.
It was also a major blow to Latin America's left, which gained power in the wake of Chavez's ascent but more recently has been struggling in the face of a region-wide economic slowdown and voter fatigue in some countries with rampant corruption.