Girish Gupta

HOME

PHOTOS

VENEZUELA ECON

ONLINE

Twitter
Instagram
Facebook
LinkedIn
AngelList
Keybase
GitHub
IFTTT

BY COUNTRY

Afghanistan
Brazil
Colombia
Cuba
Ecuador
Egypt
Guyana
Iraq
Jordan
Lebanon
Mexico
United Kingdom
Venezuela

BY MEDIUM

Text
Photo
Radio
TV/Video

BY PUBLISHER

Al Jazeera
BBC
BuzzFeed
CBC
Christian Science Monitor
CNN
Daily Mail
Data Driven Journalism (EJC)
Datum
Ecologist
Economist Intelligence Unit
Emerging Markets
Financial Times
Foreign Policy
France 24
Fusion
GlobalPost
Guardian
Independent
La Prensa (Panama)
LatinFinance
Mancunion
Monocle
National (Abu Dhabi)
New Internationalist
New Statesman
New York Times
New Yorker
NPR
PBS
PRI
Radio France Internationale
Reuters
RTE
Sky News
Sun
Sunday Times
Telegraph
TIME
Times of London
USA Today
Vice
WLRN

ABOUT

About
CV
Contact (PGP Key)


Capriles calls for opposition unity and peaceful protests
Jan. 15, 2015 — Caracas, Venezuela

Published by Economist Intelligence Unit

Event

Opposition leader Henrique Capriles has called for peaceful protests and opposition unity as shortages for most Venezuelans continue to worsen.

Analysis

A two-time presidential candidate, Mr Capriles spoke out just before the one-year anniversary of major anti-government protests that left more than 40 people dead. While fellow opposition heavyweights Leopoldo López and María Corina Machado were active in their support for the protests last year (Mr López remains in jail for his role in inciting them), Mr Capriles maintained a low profile, reportedly concerned that the violence associated with the protests would damage the opposition's cause.

Mr Capriles is now taking a more vocal role. He received strong criticism from within the opposition for his refusal to join the protests last year; Mr López subsequently rose to prominence and enjoyed a strong base of support, making him the opposition's de facto leader for some time. Mr Capriles is known to have tenuous relationships with both Mr López and Ms Corina, who he holds responsible for the deep splits within the opposition that have made it an ineffective force against the ruling Partido Socialista Unido de Venezuela. This week Mr López, Ms Corina and the opposition mayor of Caracas, Antonio Ledezma, released a joint statement—separately from Mr Capriles—arguing that the time for change is now. While sporadic protests are taking place—mainly in response to long supermarket queues and worsening shortages in recent weeks—they have yet to consolidate into a mass movement. The mood is tense and major protests could break out at any time.

Venezuela's oil basket, composed of heavy crude, is hovering at around US$40/barrel, a decline of more than 60% over the past six months. The president, Nicolás Maduro, is wrapping up a tour of OPEC members—including Saudi Arabia, Qatar, Iran and Algeria—but is unlikely to succeed in convincing producers to cut output in an effort to push up prices. Mr Maduro also made an unexpected stop in Russia to meet with his counterpart, Vladimir Putin. Although Mr Maduro said that he had secured "several billion dollars" in financing from Qatari banks, no details were given.

Impact on the forecast

We maintain our forecast that the opposition will remain divided and that Mr Maduro will remain in power.

Filed from
Caracas, Venezuela






More...

Advisers urge deep discount in Venezuelan cryptocurrency offering
Jan. 16, 2018


Inflationary math
Dec. 12, 2017


Venezuela money supply up 14 percent in one week, fastest rise on record
Dec. 1, 2017


How a defrocked judge became the chief enforcer for Maduro's Venezuela
Nov. 15, 2017


De cómo un juez destituido se convirtió en el principal artífice judicial del presidente de Venezuela
Nov. 15, 2017


The 'Venezuela Econ' app: Harnessing data to understand a spectacular economic meltdown
Nov. 6, 2017


Venezuela's monthly inflation rises to 34 percent: National Assembly
Sept. 7, 2017


Ousted Venezuelan prosecutor says she fears for her life, will keep fighting
Aug. 10, 2017


Venezuela quells attack on military base, two killed
Aug. 6, 2017


Exclusive: Venezuelan vote data casts doubt on turnout at Sunday poll
Aug. 2, 2017


All eyes on Venezuela military after protests, vote
Aug. 1, 2017


U.S. 'sweetheart' of Venezuela sees worrying signs of authoritarianism
Jul. 29, 2017


Venezuela money supply surges 10 percent in one week, fastest in 25 years
Jul. 29, 2017


Exclusive: At least 123 Venezuelan soldiers detained since protests - documents
Jul. 6, 2017


Venezuela hikes minimum wage 50 percent, effectively down 17 percent
Jul. 2, 2017








© Girish Gupta