Capriles: Venezuela needs no devaluation, but stopping handouts
Opposition leader Henrique Capriles said that the devaluation of the Venezuelan currency has unmasked government authorities. He stated that the government economic steps, which he described as the "red package," are to boost inflation
In his twitter account, Capriles said rather than devaluation, the Venezuelan Government should "put an end to handouts to other countries." The opposition leader remarked that during his presidential campaign he explained that there was no need to devaluate the currency.
Capriles also stressed that expropriations "finished off" domestic production. He added that today some 80% of the products consumed in Venezuelan are imported.
In another twit, Capriles said that the country needs a government capable to foster trust and investments, and to boost domestic production."
Capriles underscored that the government allocated substantial economic resources to President Hugo Chávez's presidential campaign and claimed that the government only cared about winning 2012 presidential election, at any cost.
Capriles added that the lie has been unmasked. "Devaluation and higher inflation is all we know about the red package so far."
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.