Venezuela is a federal republic located on the northern coast of South America. The world's largest oil reserves were discovered in the early 20th century.
The recovery of oil prices in the early 2000s gave Venezuela an economic boost. The government of Victor Chavez in Caracas then established populist policies that initially boosted the economy and increased social spending, significantly reducing economic inequality and poverty. These policies later became controversial since they destabilized the nation's economy, resulting in hyperinflation, an economic depression and a drastic increase in poverty. Here you can find an automatic compilation of all DW content on Venezuela.
On this week's show, we head to the Rust Belt to take stock of Donald Trump’s first 100 days in office. We’ll also head to Venezuela as the country inches closer to collapse, we'll see how former FARC guerillas in Colombia are managing the transition to civilian life, and we'll take an in-depth look at the various facets of social integration here in Europe.
Venezuela used to be one of South America’s richest nations thanks to its vast oil reserves, but now it’s close to economic and political meltdown. Embattled President Nicolas Maduro won’t back down and is blaming the crisis on a US-led conspiracy. DW talks to journalist Mariana Zunega who’s been covering the protests in the capital Caracas.
Hundreds of thousands of protesters have hit the streets in Venezuela over the last few months. They're demanding elections to oust socialist President Nicolas Maduro and hope to improve a growing humanitarian crisis. Now, some are even crowdfunding their escape.