Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Venezuela Congress says Maduro 'abandoned post'; Congress called 'disobedient'

Published 09/01/2017, 21:58
© Reuters. Venezuela's President Nicolas Maduro stands next to Venezuela's Vice-President Tareck El Aissami, as he receives a welcome with military honors upon his arrival at Miraflores Palace in Caracas

CARACAS (Reuters) - Venezuela's opposition-led Congress on Monday approved a resolution declaring that President Nicolas Maduro had "abandoned his post," a symbolic move unlikely to break a year-long stalemate between the executive and the legislature.

The opposition won a sweeping majority in 2015 elections as a result of anger over the country's deep economic crisis, but has been hamstrung by a hostile Supreme Court that has shot down nearly every measure it has approved.

The court last year ordered Congress to halt a political trial of Maduro meant to declare him responsible for the country's crisis, and the president has dismissed the legislature's moves against him as unconstitutional.

"The most important thing is that (this measure) demands an electoral solution to Venezuela's crisis, so that the people can express themselves through the vote," Congress President Julio Borges said following the vote to approve it.

The opposition in 2016 spent months organising to seek a recall referendum on Maduro's rule, but that effort was effectively scuttled by electoral authorities that the opposition accuses of supporting the ruling Socialist Party.

Maduro's critics blame him for triple-digit inflation, Soviet-style product shortages and snaking grocery store lines that stretch for blocks. Maduro, a former union leader and ex bus driver, says he is the victim of an "economic war" led by his political adversaries with the support of Washington.

"President Maduro has not resigned and he will not resign," Socialist Party Vice President Diosdado Cabello said at a news conference before the vote. "He has not abandoned his post, and we have not recognised nor will we recognise a disobedient legislature."

Congress opened a year ago to great fanfare among Maduro's adversaries amid hopes the opposition majority would be able to revamp the country's decaying, state-led economic system. But the situation has instead devolved into a political stalemate as economic difficulties have become steadily more extreme.

© Reuters. Venezuela's President Nicolas Maduro stands next to Venezuela's Vice-President Tareck El Aissami, as he receives a welcome with military honors upon his arrival at Miraflores Palace in Caracas

Maduro's term in office ends in 2019.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.