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.
US Vice President Mike Pence said that Central American migrants who "cannot come legally" should not go to the US at all. Pence made the comments during a visit to Brazil, where he pledged US aid to Venezuelan migrants.
EU foreign ministers have agreed to "swiftly" adopt new sanctions against Venezuelan officials close to President Nicolas Maduro. This after elections it said had failed to comply with "minimum international standards."
Venezuela is mired in crises. Foreign Minister Jorge Arreaza spoke to DW about how the opposition and the US have brought the country to the brink of ruin and why Maduro's government backs socialism.