“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
Related posts:
China's Strategy In Africa Benefits Both
Saudi Arabia developing all-woman cities
News report on running man seeking help killed by North Carolina Police
Money laundering investigation stymied by China, Italy says
Somali American caught up in a shadowy Pentagon counterpropaganda campaign
NHS introduces £1,500 talking plate which warns fat families [2011]
BitWall founder: Breaking down the Bitcoin
Ukraine crisis could halt Europe’s recovery, ECB warns
Swiss war game envisages invasion by bankrupt French
Lawsuit Filed Over Fatal Police-Involved Shooting At Housing Authority
Colleges In U.S. Offer Highest-Ever Discount to Entice Students
L.A. County Sheriff Awards Carry Permits to Friends, Donors
Canada’s Harper gives up on Russia assisting Syrian rebels, labels G8 summit ‘G-7 plus 1’
Gold Buyers = Dalio, Gross, Soros and Paulson
To Avoid Jet Lag This Summer, Travel Like a Scientist