Opposition deputy: The Venezuelan gov't targets gold to negotiate debt
Venezuela's opposition deputy Américo De Grazia dismissed China-Venezuela agreement over gold mines
Venezuelan authorities "are seeking the highest bidder and they have found it. That is why we have regarded this as a fraud against the nation," De Grazia remarked, adding that the "government has plans to use the natural resource as a means to negotiate its own debt."
The opposition leader stressed that said negotiation "is by no means beneficial for Venezuela and will rather lead to increased debt or could be used to pay the current debt with gold and diamonds (...)."
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.