Venezuela Labels Trump's Military Option Remark as 'Reckless'

Claudine Rigal
Août 13, 2017

Venezuelan Foreign Minister Jorge Arreaza on Saturday said Trump's comments threatened peace and stability in his country.

Calling Trump the "boss of the empire", Arreaza said Trump's latest comments fit a pattern of aggression against Venezuelan sovereignty and constitute a violation of worldwide law and the United Nations charter.

Credit Suisse Group has barred transactions involving certain Venezuelan bonds and is requiring that business with Venezuela's government and related agencies undergo a reputation risk review, according to an internal memo seen by Reuters. More than 120 people have been killed in the unrest. The protesters demand general elections and other changes in the country, which now has one of the highest inflation in the world. Demonstrations that a few weeks ago attracted hundreds of thousands of people have petered out since the government succeeded in seating a constitutional assembly. Peru, Argentina and Colombia have criticized the move for a constituent assembly, which can rewrite the constitution.

Parliamentarian opposition figure Ramos Allup declared that his party, Democratic Action, would indeed participate in the upcoming local, regional and presidential elections, in effect recognizing the legitimacy of the country's world-class electoral system - the same system that others on the right have maligned as fraudulent in the wake of the ANC elections on July 30.

Venezuela is retaliating in kind for Peru's expulsion of its ambassador.

Venezuela was suspended indefinitely from Mercosur last week.

Delegates to the all-powerful body rewriting the South American nation's constitution voted unanimously Saturday to hold elections in all 23 states October 10.

Venezuela's new Constituent Assembly today strongly backed socialist President Nicolas Maduro in the face of the "vile threats" of his U.S. counterpart Donald Trump, who said USA military action was an option to quell the South American country's devastating crisis.

Washington's staunchest ally in the region - condemned any "military measures and the use of force" that encroach on Venezuela's sovereignty. He also thanked several governments, including ones recently critical of President Nicolas Maduro, for condemning Trump's comments. A few days ago, the United States sanctioned eight more officials.

Following Trump's assertion that military intervention in Venezuela was an option, Maduro's critics are caught between backing the idea of a foreign invasion of Venezuela or supporting a president they call a dictator.

"The time has come for worldwide organizations and multilateral forums in the region and in the world to reaffirm the validity of the norms of global law and to curb the most aggressive action of the U.S. empire against the Venezuelan people in more than a hundred years". They included Lee McClenny, the head of the US embassy in Caracas. Experts believe there could be more sanctions coming, including one against its oil sector.

All this served as the backdrop for the reconvening of the National Constituent Assembly on Wednesday, Aug 9, where the topic of discussion was one of paramount importance: the struggle to diversify, strengthen, and address the character of Venezuela's economy in the face of the economic war waged by the national and worldwide forces of austerity, neoliberalism and counter-revolution.

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