Inflation is soaring, internal political divisions are deepening and millions of Venezuelans have left the country. ( Martin Mejia / AP Photo ) Venezuelan citizens protest the inauguration of Venezuelan President Nicolas Maduro with signs that say in Spanish "Maduro. ( Martin Mejia / AP Photo )The Associated Press explains Venezuela’s economic and political crisis: ___ WHAT’S WRONG WITH THE ECONOMY? Oil has been Venezuela’s prime source of hard cash, and leaders historically haven’t developed other sectors of the economy. However, leftist allies such as Cuba and Bolivia maintain their support, while Maduro has deepened economic and political ties with Russia, China and Turkey.

Source: thestar January 11, 2019 00:00 UTC