With $150 Billion in Default, Maduro Needs Sanctions Relief Fast
- Authoritarian Venezuelan leader seeks reelection on Sunday
- Key for him — and the economy — is whether vote deemed fair
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For Venezuela’s authoritarian President Nicolas Maduro, hanging on to power might be the easy part.
If the election does go his way on July 28, as is widely expected, Maduro must still reckon with the economic devastation that’s beset the oil-rich nation during his 11-year rule. More than coming out on top, as the strongman has managed to do again and again, he must also convince the rest of the world that his victory was legitimate.