Venezuela’s Maduro Seeks New Decree Powers for ‘Economic War’
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Venezuelan President Nicolas Maduro requested special powers from the National Assembly yesterday to fight the world’s highest inflation rate, the collapse of public services and shortages of goods ranging from milk to beer.
The former bus driver asked lawmakers for the right to govern by decree for 12 months to “unfold a permanent offensive against the corrupt and their political backers.” In a speech to the assembly, he accused businesses of “waging economic war” by hoarding goods and speculating on foreign exchange controls.