Bloomberg Businessweek

Venezuela Balances On a Knife’s Edge

• Events are moving fast in Venezuela, and not in President Nicolás Maduro’s favor. Scattered protests in Caracas the night of his second inauguration, on Jan. 10, quickly grew into organized demonstrations as thousands heeded opposition leader Juan Guaidó’s call to march against the regime. At press time, Maduro remains in office, but he faces a litany of threats: the economy, which has been devastated by low oil prices; powerful international interests, including the U.S., which condemned his 2018 reelection as illegitimate; Guaidó, head of the National Assembly, who’s claimed the title of interim president until new elections can be called; and the military, whose loyalty Maduro needs above all else to hold on to power. The president made a show of courting the armed forces’ support and has sent security forces into areas of unrest. But every

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