Venezuela’s New Economic Program: Will it Stop Hyperinflation?
NOVANEWS
President Maduro is introducing a series of deep economic reforms, to put an end to hyperinflation and to re-start the economy. But this can only happen if faith is restored in the currency and if US financial sanctions come to an end, says CEPR’s Mark Weisbrot
Story Transcript
GREG WILPERT: It’s The Real News Network. I’m Greg Wilpert, coming to you from Baltimore.
The government of President Nicolas Maduro of Venezuela introduced a series of new economic measures on Monday. The measures are meant to halt Venezuela’s hyperinflation of over 100 percent per month, and to restart its depressed economy. Venezuela has been suffering from massive inflation, consumer goods shortages, and shrinking economic activity ever since 20...