AIRLINK 70.51 Decreased By ▼ -2.55 (-3.49%)
BOP 4.89 Decreased By ▼ -0.20 (-3.93%)
CNERGY 4.29 Decreased By ▼ -0.08 (-1.83%)
DFML 31.20 Decreased By ▼ -1.25 (-3.85%)
DGKC 77.04 Increased By ▲ 1.55 (2.05%)
FCCL 19.85 Increased By ▲ 0.33 (1.69%)
FFBL 34.60 Decreased By ▼ -1.55 (-4.29%)
FFL 9.22 No Change ▼ 0.00 (0%)
GGL 9.83 Decreased By ▼ -0.02 (-0.2%)
HBL 112.99 Decreased By ▼ -3.71 (-3.18%)
HUBC 132.45 Decreased By ▼ -0.24 (-0.18%)
HUMNL 6.98 Decreased By ▼ -0.12 (-1.69%)
KEL 4.24 Decreased By ▼ -0.17 (-3.85%)
KOSM 4.30 Decreased By ▼ -0.10 (-2.27%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 133.70 Increased By ▲ 0.20 (0.15%)
PAEL 22.60 No Change ▼ 0.00 (0%)
PIAA 24.60 Decreased By ▼ -1.41 (-5.42%)
PIBTL 6.44 Decreased By ▼ -0.11 (-1.68%)
PPL 117.31 Increased By ▲ 2.00 (1.73%)
PRL 25.94 Decreased By ▼ -0.69 (-2.59%)
PTC 13.20 Decreased By ▼ -0.90 (-6.38%)
SEARL 52.29 Decreased By ▼ -1.16 (-2.17%)
SNGP 68.00 Increased By ▲ 0.75 (1.12%)
SSGC 10.55 Decreased By ▼ -0.15 (-1.4%)
TELE 8.32 Decreased By ▼ -0.10 (-1.19%)
TPLP 10.79 Increased By ▲ 0.04 (0.37%)
TRG 59.66 Decreased By ▼ -4.21 (-6.59%)
UNITY 25.41 Increased By ▲ 0.29 (1.15%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,394 Decreased By -67.4 (-0.9%)
BR30 23,919 Decreased By -252.4 (-1.04%)
KSE100 70,654 Decreased By -448.4 (-0.63%)
KSE30 23,258 Decreased By -136.8 (-0.58%)

imageBOGOTA: European Parliament President Martin Schulz warned that Venezuela's democracy is "in danger," as it grapples with a severe political and economic crisis.

"The situation in Venezuela is dramatic and worrisome," Schulz said, following an official visit to neighboring Colombia, where many Venezuelans have poured in to buy basic goods due to major shortages in their country.

"In Venezuela, we see a majority of the population suffering and a country with so much wealth having a population that fights each day for its survival," Schulz added in Bogota, speaking in German after talks with President Juan Manuel Santos.

As for Venezuelan leader Nicolas Maduro's government, Schulz stressed that "its abilities depend on its legitimacy. However, the last general elections showed that a large majority of the population disagrees with what the government is doing. The government should be reacting accordingly."

"Democracy is in danger in Venezuela," added Schulz.

"It's important for the parties to keep all avenues open for a national dialogue. But I won't hide the fact that we are extremely concerned."

Venezuela is facing a deep economic recession fueled by the fall in the price of oil, which accounts for 96 percent of its exports. Due to a lack of dollars for imports, some 80 percent of basic goods are affected by shortages.

Maduro blames his country's troubles on the drop in crude prices and an "economic war" led by the business world and the opposition to destabilize his government.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.