Venezuela president extends economic emergency
Embattled Venezuelan President Nicolas Maduro has decreed a two-month extension on emergency powers meant to help shore up the country's crippled economy.
The presidential decree, published in an official gazette released Monday, is meant to "protect Venezuelans from economic warfare," it says, and expands the socialist government's powers.
Maduro regularly blames US and local business interests for what his administration sees as a "national and international boycott of Venezuela" amid low oil prices. Caracas depends overwhelmingly on oil revenue.
The opposition-controlled National Assembly previously struck down the emergency measure, which then was upheld by the Supreme Court in January.
http://news.yahoo.com/venezuela-president-extends-economic-emergency-223205098.html
Maduro owns the current Venezuelan economic situation.
