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Maduro Kicks Off Second Term With an Economic Disaster of His Own Making

  • He faces no immediate threats, but has few sources of aid
  • Power consolidated, he must confront hunger and hyperinflation
Bloomberg business news
Maduro Era Is Endurance Test
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President Nicolas Maduro’s second term is officially six years. However, it will endure only as long as Venezuela’s moribund economy allows.

The 56-year-old successor to the late Hugo Chavez has withstood the most obvious threats as he takes the oath of office Thursday. He has weathered protests, impeachment drives, an assassination attempt and U.S. sanctions. He’s trampled the rules of markets and international norms and faces isolation after an election last year that more than 60 nations refuse to recognize. But as Venezuela’s economic lifelines drop away, his survival now depends on the country’s stamina.