Nicolás Maduro, Hugo Chávez’s anointed heir, is expected to cruise to victory in Venezuela’s upcoming presidential elections. But the easy part ends there. Once in office, Maduro will face a dysfunctional economy, high crime, and the broken political system Chávez left behind.
To Save, or Not to Save? Why Rescuing the Euro Would Still Be Ruinous
Markets are reeling because Europe’s leaders have only offered up half-measures to resolve the crisis. Not until Berlin, Brussels, and Paris realize the fundamental flaw in their current approach — a lack of real political and economic integration across the eurozone — will there be confidence again. Read the full article.