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Venezuela – A rough road ahead

As a deep crisis unfolds in Venezuela, there is little informed analysis of what is going on and what the EU should do about it. Here’s ICG’s assessment, a part of its EU Watch List 2019. Español

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woman seen holding a doll and placard saying "Shoot bread, we're hungry" in Miranda, Caracas' city centre on January 10, 2019, the day Nicolás Maduro started his second term as president. Image: Roman Camacho/Zuma Press/PA Images. All rights reserved.

Venezuela enters 2019 amid profound political turmoil, enormous uncertainty and risks that its crisis could turn into a dangerous military confrontation.

A collapsed economy, hyperinflation and the government’s intransigence and repression have already led more than three million Venezuelans to leave the country, creating one of the region’s gravest migration crises in recent history.