AIRLINK 79.11 Decreased By ▼ -0.30 (-0.38%)
BOP 5.33 No Change ▼ 0.00 (0%)
CNERGY 4.35 Decreased By ▼ -0.03 (-0.68%)
DFML 33.80 Increased By ▲ 0.61 (1.84%)
DGKC 76.40 Decreased By ▼ -0.47 (-0.61%)
FCCL 20.45 Decreased By ▼ -0.08 (-0.39%)
FFBL 31.28 Decreased By ▼ -0.12 (-0.38%)
FFL 9.85 No Change ▼ 0.00 (0%)
GGL 10.20 Decreased By ▼ -0.05 (-0.49%)
HBL 118.25 Increased By ▲ 0.32 (0.27%)
HUBC 134.20 Increased By ▲ 0.10 (0.07%)
HUMNL 7.02 Increased By ▲ 0.02 (0.29%)
KEL 4.64 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.74 No Change ▼ 0.00 (0%)
MLCF 37.32 Decreased By ▼ -0.12 (-0.32%)
OGDC 136.05 Decreased By ▼ -0.65 (-0.48%)
PAEL 23.05 Decreased By ▼ -0.10 (-0.43%)
PIAA 27.25 Increased By ▲ 0.70 (2.64%)
PIBTL 6.90 Decreased By ▼ -0.10 (-1.43%)
PPL 113.52 Decreased By ▼ -0.23 (-0.2%)
PRL 27.32 Decreased By ▼ -0.20 (-0.73%)
PTC 14.75 No Change ▼ 0.00 (0%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.97 Decreased By ▼ -0.53 (-0.79%)
SSGC 11.02 Decreased By ▼ -0.07 (-0.63%)
TELE 9.25 Increased By ▲ 0.02 (0.22%)
TPLP 11.60 Increased By ▲ 0.04 (0.35%)
TRG 72.60 Increased By ▲ 0.50 (0.69%)
UNITY 24.80 Decreased By ▼ -0.02 (-0.08%)
WTL 1.40 No Change ▼ 0.00 (0%)
BR100 7,547 Increased By 21.2 (0.28%)
BR30 24,653 Increased By 3.3 (0.01%)
KSE100 72,038 Increased By 66.4 (0.09%)
KSE30 23,787 Increased By 37.9 (0.16%)

CARACAS: A 24-hour nationwide strike got underway in Venezuela Thursday, in a bid by the opposition to increase pressure on beleaguered leftist President Nicolas Maduro following four months of deadly street demonstrations.

The general strike, which commenced at 6 am (1000 GMT), is the latest in a series of protests that commenced in April calling for Maduro's ouster, and which has claimed the lives of about 100 people.

Dissident leaders called Thursday's work stoppage after holding an unofficial plebiscite last weekend in which a third of Venezuela's voters cast ballots rejecting Maduro and his policies.

Chief among them is the president's plan to hold an election July 30 to choose a 545-member citizens' body, called a Constituent Assembly, to rewrite the constitution.

US President Donald Trump has threatened "swift economic actions" against Venezuela if that election happens.

The European Union, the United Nations, the Organization of American States and the Catholic Church have all condemned Maduro's plan.

They fear the move -- seen by the opposition and Trump as a bid for dictatorship -- will irretrievably worsen the political crisis in Venezuela, and risk adding to a death toll that currently stands at 97 since anti-Maduro street protests turned violent in April.

 

- 'Final offensive' -

 

But Maduro has vowed to forge on "now more than ever" after Trump's threat, and to punish "conspirators" who try to stop him.

His labor minister, Nestor Ovalles, warned that companies in Venezuela that joined the strike on Thursday would be "sanctioned."

And the military reaffirmed its loyalty to Maduro by saying it would protect the polling for the Constituent Assembly.

The opposition, which controls the National Assembly, sees the strike as part of a "final offensive" including civil disobedience and further protests aimed at forcing Maduro out of office through early elections.

Previous efforts to bring about a recall referendum against Maduro were stymied by electoral authorities and judges who have systematically sided with the president.

With efforts at negotiations between both sides also exhausted, the stalemate risks worsening the deteriorating situation ordinary Venezuelans are enduring.

Their oil-rich nation is staggering under a lack of food and medicine, triple-digit inflation, rising crime and dire currency controls that enrich a few at the expense of the many.

Maduro has blamed the crisis on low global oil prices and an economic "war" waged on him by the United States and the right-wing opposition.

But the opposition says the crisis is due to government mismanagement, including nationalizations and state appropriations of firms, and generally inept policies by Maduro and his late predecessor Hugo Chavez.

 

- US sanctions 'effective'? -

 

It's not clear what "actions" Trump is considering against Venezuela, but oil could be a key pressure point. Around a third of Venezuela's crude production is exported to the US market.

"All options are on the table," a senior White House official said Tuesday.

But Geoff Thale, with the Washington Office on Latin America (WOLA) lobbying group, told AFP he was "very skeptical that unilateral US sanctions (would be) effective."

"They are more likely to make the government feel they have no option but to resist, and they offer the government a nationalist rallying cry against the US," he said.

 

 

Copyright AFP (Agence France-Press), 2017

Comments

Comments are closed.