“As the world watches the Greek debt crisis unfold, the economy of a country in another corner of the planet is also struggling, and some experts are even trying to draw similarities. Venezuela has the world’s highest inflation, leaving many facing shortages and soaring prices. While the government of president Nicolas Maduro says this is the result of an ‘economic war by capitalists and the United States against the country’s socialist revolution’, critics say the high inflation rate is simply showing the government’s economic incompetence. The BBC’s Daniel Pardo explains how inflation affects what Venezuelans buy every day, like the popular snack called Arepa.”
http://www.bbc.com/news/world-latin-america-33427761
(Visited 27 times, 1 visits today)
Related posts:
Barack Obama’s ‘extreme’ anti-terror tactics face liberal backlash
Florida growers leery of cost of FDA's new food safety rules
FAA chief: Don't fear the Reapers (or Predators, Global Hawks, other drones)
Weather seems to blame for U.S. slowdown, Fed's Yellen says
Art thief suing museum ‘for making his robbery too easy’
Massachusetts smokers try to get ahead of new cigarette tax
This one fire hydrant costs Toronto drivers $289,620 in parking tickets
Rumors Of Social Security Collapse Spark Bank Run, Break-Ins in Brazil
ECB Cuts Rates, Announces Stimulus to Combat Low Inflation
Revel casino's bankruptcy threatens plans to make Atlantic City a gambling-plus destination
San Diego cop kills service dog after knocking on wrong door
Rock-bottom vacancy rates push Colorado rents to all-time high
Former jail keeps memory of Communist repression raw in Romania
Greeks strip country for scrap cash
Lebanon’s financial sector prepares to open books to Uncle Sam