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Venezuela congress holds final session with burst of action

On Tues., National Meeting president Diosdado Cabello formally announced in that the authorities would appoint 12 new Supreme Courtroom judges before the opposition leaders are sworn in on January 5.Cabello additionally stated the National Meeting’s tv channel would stay within the hands of the station’s authorities staff. The little channel has turned into some extent of the rivalry since the opposition has been virtually utterly frozen out of the mainstream media right here.

“We’re going to defend the people”, Maduro said, adding that he would resist any attempt to change strict price regulations and labor laws that critics say stifle the economy.

Earlier this year, the Wall Street Journal published a report – citing the U.S. Justice Department – that said an investigation by federal prosecutors in NY and Miami and a DEA unit found “extensive evidence” to suggest Speaker Cabello was one of the heads of a suspected trafficking cartel involving military officers and top government officials.

State television, which largely blocks out opposition rallies and press conference, has since Sunday minimized coverage of the election, instead broadcasting sports, and features on the government’s social projects.

The Venezuelan opposition won a parliamentary majority in elections last weekend.

While many of those criticisms still stand, the warnings of fraud at the polls fell flat: The Democratic Unity opposition coalition secured by a single seat a two-thirds supermajority, surpassing its even most optimistic forecasts.

The elections were widely seen as a referendum on President Maduro, the hand-picked successor of Hugo Chavez, and the party’s socialist policies. It has met infrequently to rubber-stamp the president’s agenda.

Even while recognizing defeat, the former bus driver and union organizer blamed the “circumstantial” loss on a right-wing “counterrevolution” trying to sabotage Venezuela’s oil-dependent economy and destabilize the government.

The next presidential election is due in April 2019.

“He does not have the political capital to make unpopular economic decisions”, said Diego Moya-Ocampos, a Venezuelan analyst with financial research group IHS in London.

The opposition also accused the government of increasing authoritarianism. Yields fell 0.13 percentage point Tuesday to 22.9 percent as of 2:41 NY.

Opponents say it’s an attempt by the government to distract attention from the magnitude of the loss and the opposition’s own efforts to ensure against fraud.

Senior opposition figures say the alliance will now be able to pass laws allowing the release of political prisoners and to reverse, for example, appointments to senior legal positions made by the current government.

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