Tuesday, November 29, 2022

A force fed agreement in Mexico

The Venezuelan opposition delegates met the chavista's ones in Mexico, in a supposed restart of negotiations interrupted months ago. A curious thing was that they went all the way to Mexico city to sign a document already negotiated behind closed doors in Caracas. So Mexico was an expensive show, they could have stayed in Caracas.....

This agreement started a storm in Venezuela even though people do not have access to all the information, even though it was already announced as a restart of negotiation, something far, very far from being a done thing.  The Venezuelan public is at the same time so polarized and so divided (schizo?) that little else could be expected. Chavistas wondered how come the opposition delegation was not in jail, the Venezuelan opposition reaction was worse. For them if the delegation does not include who they support and does not address their favorite cause then it is worthless, traitorous even.  That the good folks in tweeter let their ire run free is one thing but it is frightening when a leader of the opposition like Maria Corina Machado partakes in that lynching mood. 


There she says that those in Mexico are going to split the monies negotiated, and that even the UN will get its take. I'll stop .....

In front of such histeria it is important to go back to the plain facts. First, the content of the agreement. 3 billion dollars of frozen assets (mostly in the US?) will be given PROGRESSIVELY to the UN that will use them to try to alleviate the suffering of the Venezuelan people. The US oil giant Chevron will be allowed to operate in Venezuela on very limited objectives, namely to restart some of its production capacity and sell its oil only in the US without giving much to Venezuela. The oil to be produced by Chevron will be considered as repaying the debt Venezuela has toward them. That will last up to 6 months if the Venezuelan regime keeps its promises AND continues to negotiate AND advances toward free and fair elections in 2024.

That is all. No need to go berserk.

To understand better it is necessary to recap some of the current political and geopolitical situation. The Ukraine war has changed everything. In addition of trying to help the Chevron lobby, Biden is trying to find new sources of oil. Venezuela, on paper, could multiply by 4 its current production and place at least 2 million barrels on the market. That also explains why France's Macron sat in Paris the two sides and obtained from them to go back to Mexico to sign on what they had already agreed upon. 

The Maduro regime is in trouble. Its Russian ally and now its Iranian and Chinese ones are teetering and certainly in no mood to have Venezuela demand further attention. Cuba is flat broke and in much trouble of its own. And Maduro desperately needs money to grease his repression machinery. Nevermind that the "bodegonomics" miracle of partial dollarization of the country has reached its limits (1). Finally it downed in them that it may well be the last chance to negotiate before something collapses nastily. 

The Venezuelan opposition is cool. It has played the sanction card rather well (note: sanctions are taken by the US and Europe, NOT by the Venezuelan opposition whose role is advisory at most). Thus the promise of alleviating some of the sanctions in agreement with the US is a nice carrot for the regime. It is testimony of the obtuseness and corruption of the regime that they held so late before agreeing on something, a something rather insignificant if you ask me.

Yet, even though the agreement is small and should not be hard to abide by all the parts, there are many dark clouds on it.  First, the fast restart of oil production is a mirage. In the current situation of the country Chevron cannot hope to increase by much more than 30% its output for 2023. Significant increases will have to wait for the war in Ukraine may well be long over by the time Venezuela replaces part of Russian oil.

Second, organizing the humanitarian help will take time. This help was certainly pressed on by the US to try to stem the flow of immigration that apparently is now reaching 7 million Venezuelans! But the UN needs to decide on what to do, then set it up, and then get the providers, and more important establish adequate controls to protect that help from being stolen by the regime as was the case in previous attempts.

Do not expect any visible improvement in Venezuela until 2024 if all goes well. In fact already the divisions of chavismo are playing as Diosdado Cabello who has nothing to gain from any settlement, stated that it was going to be the regime that decides how the help will be shared. Within the regime many are scared at the idea of Cabello deciding on such things. 

At any rate the opposition is ready to bail out of this agreement as soon as the regime makes a move to undercut it. After all this time around it is the regime which has more to lose. 

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1) More than two years ago the regime with a damning hyperinflation decided to allow limited use of US dollars for import of goods that should be resold in Venezuela in dollars. This resulted in some economic improvement, made visible by the apparition of bodegones, stores specialized in selling outside of any price control and in US dollars. But the amount of dollars available for imports has not increased since the rest of the economic policies of the regime remain and these aim at controlling any free enterprise still in existence. Consequently for the past few months we start observing a stagnation of sorts that could only be avoided by increased production. Which I do not see happening in the near future.

Wednesday, November 09, 2022

Maduro charmed at Sharm El-Sheikh

The big discussion today at least for those interested in Venezuela is the handshake and hallway chit chat that Maduro had with France's Macron yesterday at the COP 27 being held in Egypt.  Besides the nauseous images, at least for yours truly, it is necessary to try to figure out what is really going on.

First, what the hell was Maduro doing at Sharm El-Sheikh? He could go there because he did not risk to be detained. Hopefully his two airbus will not be forced to land in a country where there is no dictator like Egypt's Al Sisi. And yes, Maduro went with two big CO2 producing airplanes to Egypt whereas normal head of states go there in a single small plane or, god forbid, fly commercial. The COP 27 is set to deal with climate change and environment. Maduro blamed capitalism in his speech conveniently forgetting to mention that Venezuela has been a major producer of oil for capitalism, under Chavez in particular. He also forgot to mention the considerable environmental damage that the wrecked state oil company PDVSA has done under his tenure, in particular. And never mind the destruction of Venezuela's share of Amazonia due to savage gold prospection, directed by the Venezuelan army in particular.

But I digress, back to the handshake. It seems that there was a part of improvisation and part of manipulation in that fortuitous (?) encounter. From one of the videos I saw it seemed clear that the president of Guinea Bissau was sort of directing Macron towards Maduro. Guinea Bissau is one of the stopping points for drug trafficking between Venezuela and Europe. Just saying. So they met and talked for about one minute. Not to be accused of cheap anti Maduro I will give you the pro regime feed of Telesur:

Now the question is why Macron was so "friendly". Before I go on let me reassure everyone reading this, mostly if there is by happenstance a chavista: the profound distaste of Macron (or almost any western leader) towards Maduro has not changed. In fact it is probably worse than ever now that Maduro is trying to gain leverage with the little bit of oil Venezuela could produce soon.  Blackmail by any other name. Thus what we witnessed there is real politik at its worst, just like Biden visiting the journalist slayer meat processer Mohammed ben Salman (little good it did him but well...)

The Ukraine war happened; energy transition cannot be done in a day; Russia is to be punished; oil and gas must be found somewhere. Even though Venezuela is no condition to double its meager oil output in a year, it is still necessary to ingratiate yourself with the Venezuelan regime since the boycott of Russia will go on for as long as Putin will hold. And lo and behold, the French surely must know about the maneuvering of Chevron to recoup its lost investment, all this supported by the Biden administration willing to trade prisoners with Maduro.  Macron had to run before France's oil giant Total is locked out of a possible reopening of Venezuela. By the way, Total has also a lot of investment to recoup in Venezuela.

So that explains why Macron allowed himself or was forced to be seen with Maduro. I will also remind folks that the Maduro regime was very abusive a year ago with the French embassy in Caracas, cutting off for weeks water and electricity. But that humiliation seems to have been forgotten. Now, about the consequences.

Macron has started getting flack from French press, after years of saying that Maduro is a criminal (Maduro is still a criminal, a hand shake cannot cure this, it just dirties the other hand).  Of course, ever the chavista hard core supporter Jean Luc Melenchon went with his own gleeful tweet saying that oil made people [Macron] polite.  Macron just trashed one of the main political points against the extreme left Melenchon which was his inability to condemn human rights abuse in Venezuela.

But the bad press of Macron really does not register much in France. After all it did not make it in the nightly news that I eagerly awaited yesterday. Only today some comments, not favorable, started appearing though l'Opinion thinks that it was a trap set for Macron who dealt with the best it could.. No, the worse of the whole fiasco is that Maduro got for almost free what he so craved for: recognition, some form of legitimation. That the French president shakes hands with a criminal undoes years of work of US presidents, British prime ministers, German chancellors, etc.

The fact of the matter is that Russian invasion of Ukraine has changed everything causing among other things a panic rush for oil survival [rather than telling the truth to the people about why we must suffer a cold winter at home this year: 1940 heroism is not fashionable anymore]. The big game is barely getting started and for all that we know if given cover we might even see Maduro abandon Putin! Chavismo is venal enough for that if the price is right. Then again Maduro and Putin may be laughing their heads off at Biden and Maduro. 

To end this distasteful moment in a sourer note, there is another reason besides oil why Biden and Macron and soon others, are to talk with Maduro. This one has apparently won his fight with the Venezuelan opposition which is more divided than ever.  They all coalesced to support Guaido against Maduro 3 years ago. From the start the regime through corruption and violence has managed to divide the opposition to the point that now it offers a sickening panorama to observers. Not only many spend more time attacking Guaido than Maduro, but the opposition looks unable to prepare for upcoming presidential elections that on paper it should win. It is simply dumbfounding seen from DC or Paris.  

There may be a vote in a year and yet the opposition is unable to come up with a primary system to pick a unity candidate. We even have the sorry sight of more and more once upon a time believed strong opposition figures meekly calling for the end of sanctions against the higher ups in the regime.  And Biden, Macron et al. should get cold this winter to help such a bunch of incompetents?  I cannot bring myself to blame them.

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added later, further hunting trophies for Maduro

The Portuguese Prime minister with Maduro telling him to visit "'cause we have a lot of Portuguese in Venezuela". Classy....

And next with John Kerry who apparently forgot that his country has a 15million$ reward for bringing in Maduro. Though admittedly Kerry does not seem as cheerful as Macron or Costa seemed to have been.

PS/ gets better, State announced that Maduro crashed a meeting where Kerry was participating. It seems more like in line for Maduro: the only people that agree to meet with him are those receiving a stipend in oil from Venezuela.




Monday, November 07, 2022

Why Venezuela cannot be fixed

 I was planning this second post long ago, following my crude description of why Venezuela remains messed up in spite of all the regime propaganda. But on occasion procrastination pays and I can start with recent items telling us what type of wondercrap Venezuela is.

First the new economic zones (ZEE). This is the latest at attracting foreign investors offering them all sorts of fiscal favors, and other favors that better remain nameless for the time being, but surely one would be by exempting those investors with having to follow labor laws. The delirium goes as far as including in these zones the Tortuga Island that will be transformed in an international tourists pole with airport and all.  I happen to know La Tortuga. It is small, barren, waterless, no natural harbour worthy mentioning, etc, etc. Yes, it is beautifully wild with scuba diving offerings. But if you imagine Tortuga with ten resorts and golf courses, well, there go the corals. Nothing will remain, the island is too fragile for even a single resort. The idea behind that cockamamie plan is for laundering money away from scrutiny, creating at best a secluded retreat so that regime higher ups can go partying among themselves.

The other item was to give Iran gazillions acres of land so they can produce food to bring home. That the country side is devastated, that the Venezuelan agricultural worker has lost long ago its punch and skill, that we lack food enough that giving land to Iran, that is just crazy. Again, there is something else at play there. There is ALWAYS something else at play when chavismo announces big undoable plans. A secret base for Iran comes to mind.

And of course, we are now in November and no one is speaking about this anymore. 

From this items you get already the gist of this blog entry: there are no conditions in Venezuela today to discuss any rebuilding plan.  Assuming of course that within the regime here are people able to draw a realistic reconstruction plan. This is a short list of the main obstacles you will face to develop almost anything productive in Venezuela.

  1. The general infrastructure is obsolete and in severe disrepair. Be it roads or electrical distribution, it does not work and the regime seems unable to fix it except in some points of utmost necessity for them, not for the populace. To build and run something is a major effort requiring that you bring in your own electricity generating system, for example.
  2. The sanitary situation is simply nasty for foreigners. From run down and resource poor hospitals to the increasing scarcity of decent tap water, life is difficult. Very difficult.
  3. The legal system is a joke. If you invest you never know when some government agency will knock at your door trying to see what they can extort from you. Or you can yourself get a single protector to whom you'll pay a regular stipend. The law is not your friend, it is your foe.
  4. Which brings us to the security of the people working for you. As bad as ever. Your top management will need armored cars and perhaps even body guards.
  5. So you say lets work with locals, they are used to it. What locals? 6 millions and counting have fled the country, including a cohort of skilled professionals.  You are going to have trouble hiring competent mid management.  As for lower ranks in your business hires, do not be too optimist. 20 years of chavismo have created a despondent worker, that thinks only about rights and that the bosses are tyrants. Then again enough are starving and desperate that you may manage to have them do all sorts of nasty jobs. Note: I am not saying that Venezuelan workers are bad, just saying that building a decent team is not going to be easy.
  6. And of course considerations such as the environment, protection from messy neighbors and the like you can dream on.
I'll stop there, enough said for to make my point: Venezuela cannot be fixed as long as chavismo remains in office. There is no means, no skill, no will for that. The country is drifting from an improvisation to another with the sole objective to control population and allow the caste of "revolutionaries" to live the high life in Caracas since too many of them would be arrested were they to leave the country.  Oh yes, there are a thing or two you can do with that caste, a.k.a. boliburgueses, but you better be sure that you will have a very high return on your investment and no moral compass least you get taken for a ride and pockets emptied.


Tuesday, July 05, 2022

Venezuela se arreglo. Not.

 "Venezuela se arreglo", Venezuela is fixed up.

This is what the regime would like us to believe, but not they alone. There are also a few people that are tired to be opposition. There are also a few more in the US that are desperate to recover their lost funds. And some in the Biden administration that would love to have Venezuela supply what we do not want anymore from Russia.

Pipe dreams all.  Nothing will improve significantly as long as those in place remain at Miraflores palace. I am not going to repeat my tired tirade on what we have there are not politicians but a narco mafia set. With criminals there is no negotiation possible unless you show at the same time determination to exert force AND offer a safe haven to some of the gang if they surrender power.

So, why is there an erroneous perception that Venezuela is improving? 

The first impression comes from the country dollarized economy. This process is unfortunately on shaky grounds. First, the financial players remaining in Venezuela are in no position to secure a durable dollarization since there is no way to guarantee that $$ banknotes are legit, there are no coins, and too many transactions are opaque and mere money laundering. But the problem goes deeper: not only the regime has allowed dollarization without any agreement with the US, but the legal sort of framework upon which it is built can be pulled off easily, with the risk that all dollars in banking accounts could be blocked from one day to the next. In such a situation people are not going to invest long term. Period.

A second misleading perception is that Caracas, and a few rare spots outside of Caracas, have now bodegones, that is stores that import whatever they want with few if any custom taxes. Their preferred currency is of course the green back. Bodegones are just a gigantic laundering operation where illicit funds are used to buy cash stuff to resell in Venezuela creating thus a legal receipt. All this is made possible with the desperate situation of people that have some income or savings in dollars. In particular those who have relatives that fled the country and are now able to send a little bit of currency to their relatives left behind. Beyond the regime cynicism of washing its loot out of people it ruined, the casual observer will be mislead that shortages are over in Venezuela. They are over only for those who can dispose of at least 400 $ a month. And a rising amount at that.

A third misleading perception is that some services have improved and that restaurants in Eastern Caracas are full. The essential services, water, electricity, telephone, internet, garbage have not improved. But for those with dollars it is easier now to hire plumbers, electricians, private internet or even dig a well if they are on some sedimentary land with water under. As for the restaurants, keep in mind that international sanctions have induced a lot of those who became rich on looting the state to now be forced to stay in Venezuela. Of course, they are not going to suffer and will pay what it takes to enjoy their riches.

A fourth mirage is that suddenly we see positive GDP growth rates, relatively big even. But look, when you are in the gutter, managing to sit in that gutter looks good even if you are still soaked in garbage. As long as you do not have the strength to start climbing out, well, your head may be drying but you are still in the gutter. The Venezuelan economy is so downtrodden that to reach pre Chavez level will require many years of double digit growth rate.

I could go on but you get the picture. If you do not get it, in particular if you are a journo or a tankie visiting for a few days, I suggest you leave the comforts of Eastern Caracas and go spend a week end in a town less than 25,000 people and see the reality of Venezuelans descended to poverty level everywhere.

All that recovery is potemkinesque and too many people that should know better are falling for it, or are using it to get personal benefit. But recovery is NOT happening because the key element is missing: there is no significant production growth. Why not? Because nobody trusts the regime, a true scorpion on the back of the toad crossing the river: everybody knows that sooner or later the regime will strike back and like the scorpion it will sting the toad even if it means that killing the toad will drown the scorpion. Any legal tolerance can be easily reversed as there is no more institutions or justice left. 

So, who is going to invest in Venezuela? Nobody serious, not even in the oil industry since it is run down and it would take a few years until it can produce enough to replace some of the Russian deficit. People that "invest" in Venezuela are either those that gamble on short term high yield ventures, or those who need to bring their money back to Venezuela before some tribunal seizes it. But these last ones are not investing in productive ventures, not yet. They are much more into laundering facilities such as bodegones of building brand new office buildings that remain empty but that they resell among themselves to get clean billing. These people are not used to work hard the way a normal entrepreneur works so investing in manufacturing or agricultural objectives is not what they want.

It is thus crystal clear, I hope, that there is no real recovery in Venezuela. As long as production of real goods does not start, it will not happen.

Friday, May 20, 2022

Alive and sort of well

Since some people seem not to have forgotten me I am writing this short entry to catch up with me, not Venezuela. That one is hopeless and I cannot find courage to write about it, except for a few tweets. Maybe inspiration will come back but I feel like cheating writing about Venezuela without being there.  I am not one of these journos or tankies that spend a couple of weeks in Caracas and think they are entitled to write a book about Venezuela.

Since last time I wrote my remission failed. So new treatments, new side effects, etc.  But now things are looking better with the new treatment approved a year or so ago.  Had it been approved when I started three years ago I could even be back to Venezuela. But now it will be until fall for me to be allowed to go back, and for no more than a month. Though 2 weeks to the US soon is a nice prospect.

3 years of work and there you have
one of my rose trees
I had major mood swings which did not help in my writing. I had finally conceived a way to put up together my blog in a book form and last October I had even two chapter drafted and partial drafts on other chapters.  But by October I was in no mood for anything. Now, once my spring gardening is done I may just start writing again.  Which means that at some point I may need an editor, the more so that in the last three years I have not practiced my English as I should have: I live in a small village, nobody to talk with in English, no book store carrying English books, and too many great books and magazines in French..... The vocabulary still is there but my grammar, never the best, is straining a bit. So if someone has editing experience, or knows someone with experience, please contact me. There will be no financial reward as I will self publish it on some Amazon like platform (advice is also welcome on that). I doubt there is much interest these days on discussing what Venezuela was under Chavez. Only tankies publish books, they are relentless in their propaganda, and more than likely funded. There is nobody to fund me, or people like me for that matter. At any rate, an editor will be fully credited and invited to write the foreword if s/he wants to. It would be a labor of love for  forgotten Venezuela.

I never recovered from the loss of the S.O.  And my Maine Coon died a month ago. I had invested a lot on him as it was a way to forget about my other issues. Its sudden death due to a congenital problem sort of stirred everything again. And yet today I found my way back here. So perhaps it was a needed schock? Or maybe it is a "climate change" very warm spring and my roses doing great that moved me?

Sunday, November 28, 2021

There was an election a week ago

 After years of covering in detail Venezuelan elections I would be remiss not to mention last Sunday regional "elections" in Venezuela. Then again, as I put in a tweet, the same day Chilean elections seemed more important to follow. At least for me.

Once upon a time, say before 2015, one could still find enough information, enough semi reliable data to look for trends in Venezuelan voting results. I did not do too bad in my analysis predictions. But after the debacle of 2015 the regime made sure no vote meant anything anymore. I am not going to go into tiresome details. Remember, they are mostly pre electoral fraud, from happily banning candidates the regime dislikes to go all out and take over political parties. Amen of all the treachery in voter registration, excessive use of state means for chavista campaign, etc, etc. On election day you keep having all the unfair interventions from the army forcing people to vote, holding results, etc, etc.

All very commie banana republic.

Thus since 2015 I stopped wasting time in electoral analysis. The more so that in addition to the great heights in election treachery we have a large abstention movement and probably up to 4 million Venezuelan voters in exile, and thus with no option.

This being said, there are a few details worth commenting.

First, there was after many years the return of serious electoral observers. Namely proven and tested teams. There are only three sources of reliable electoral observation today: teams set up by the UN, the OAS or EU. Some countries I suppose would also do serious electoral observation, democratic countries like Japan or Canada. Maybe even the Carter Center. But that is all, and certainly not the countries that the regime invited previously for what is at best electoral tourism (Russia or Bolivia, for example).

Why did the regime accepted the European Union to send an observing team? This is the question, the more so that as expected the preliminary report under diplomatic language indicated that the vote of last Sunday was shit.  I suppose that the regime having survived three years of sanctions and pressures and general exhaustion about Venezuela assumed that the world would recognize Maduro if this one held semi palatable elections with a selected few handouts to the opposition, preferably to the opposition that it has tried to build through payoffs. Well, if that was the reason, it did not work out.

Another reason is the need for the regime to reach some form of agreement with the US so that some sanctions are lifted.  But the regime, to begin with, is incapable of seriousness when it is negotiation time. Whether the regime offers decent elections is not really an issue there, though it could help. But as the scorpion crossing the stream on the back of the toad, the regime cannot help itself and it will sabotage any opening, be it formal negotiations or semi fair elections.

This new PR failure behind us, what else can we rescue from last Sunday?  As expected the regime won handily but not that great. Abstention was here and with a copious dose of opposition division it still lost on the total vote but carried all states but 3, while loosing a bunch of town halls.  In fact that townhall fall back should be worrisome for the regime: for once the regime did better in big cities than in the country side towns where the opposition struck a few interesting wins. The provinces, apparently, are starting to be tired of being taken for granted.

Thus, in spite of all the treachery, the regime vote count keeps sliding down, fast enough that it cannot be hidden.

What else is worth noting? The opposition division. This one is basically 4 fold, believe it or not.

First, the 4 million + overseas. Where would those go were presidential elections carried tomorrow?

Second, the chronic abstention. Their number look good if you count in the 4 million abroad. But the fact of the matter is that some are starting to vote again. Why? Because the abstention promoters offer nothing in exchange, and people want solutions, not speeches on morality.

In third we have the pro Chavez opposition. Those are a set of individuals that came from the opposition but decided to try to reach political deals with the regime. All for naught of course, nobody is fooled. In last year parliamentary election the regime had to fudge some dubious vote count to make sure a handful of them would get elected! But they are very useful for the opposition in a way I am surprised people do not talk about. Last week they got more votes than what we could have expected. Me thinks that many chavistas voted for them as a protest vote against Maduro! And remember: when you have been attached for two decades to a political idea, the first vote against is the more difficult; it gets easier after. And those fake opposition parties are a good stepping stone for transitioning.

Finally we have the remains of the real opposition, those that did jail, were tortured, are in exile, whatever. They did not do too good, though they took 1/6 of townhalls and two states. That is, a little bit more than last time and in spite of abstention exile and divisions. For better or for worse, the so called G4 remains the true opposition and is still recognized as such after last Sunday show.

That is all.  We'll see what's next.

Friday, May 14, 2021

No need to hold your breath on oppo/regime negotiations

 A few days ago I was writing about the regime apparent willingness to consider that maybe, it was an hypothetical hypothesis that well, you know, we may talk to someone in Guaido's office to see if we could borrow the pencil sharpener.....

And then we got Guaido making a rather dramatic statement as to be willing to ask for lifting a few sanctions AFTER the regime shows positive concrete signs of serious negotiations with preliminary results. In a Tweeter thread I posted on that:

And then we have Maduro accepting to negotiate through the EU and Norway intermediaries, though adding a suitable set of insults towards Guaido. It is to be noted that according to Ultimas Noticias, a pro regime newspaper, he cited a misleading Tweet from EFE, the Spanish press agency where it says that Guaido has proposed to eliminate sanctions. Guaido never said that, and at any case he would ask for a partial suspension of sanctions AFTER the regime makes concessions first. Then again EFE has not much credibility when reporting on Venezuela, only too often to burnish the image of the regime.

While we are discussing pro regime news outlets, Ultimas noticias writes that Jorge Rodriguez, head of the "novel" national assembly will negotiate once the opposition has beaten its mea culpa. That is, he wants the opposition to acknowledge its mistakes and crimes, that there should be no amnesia __ and then we negotiate. One has to admire the ability of chavismo to commit all sorts of crimes, including those against humanity, and pretend that the real criminals are others. The chutzpah of these guys will never cease to surprise.

Lets pass on the fact that the regime is the one most interested into lifting sanctions since those ones are largely directed at people inside the regime hierarchy, where their ill acquired riches are often blocked on off shore accounts. They want the loot back....

Maduro and Rodriguez are contradicting each other? The regime has not made up its mind? Can it make up its mind?

Whatever it is we must understand that the only ones willing to do a serious negotiation are those in the opposition. This one has not only something to gain out of successful negotiations, but it also cares about the humanitarian crisis inside the country. Or at least it cares way more than the regime who is still unwilling to establish a coherent vaccination plan against Covid, for a burning example. Yes, that is right, Venezuela is now dead last in the number of vaccines applied. Any time soon a Venezuelan variant is about to appear!!!!!

For the regime on the other hand the lone objective of negotiation is to give in as little as possible so that its leadership gets to recover its funds and travel outside to spend them in "la vida alegre". Period.

Needless to say that I am not holding my breath whatsoever.

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