Major EU Nations Recognise Guaido As Venezuela's President

Feb. 5, 2019

Nine European nations have now joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president. It has heightened a global showdown over President Nicolas Maduro's rule.

Background

  • The coordinated move by Britain, Germany, France, Spain, Portugal, Denmark, Sweden, Austria and the Netherlands came after expiry of an eight day ultimatum for Mudro to call a new election.

  • The Venezuelan leader Mudro has been accused of running the country like a dictator and wrecking the economy.

  • It is also alleged by these coutries that Mudro is responsible for exodus of 3 million Venezuelan.

  • Mudro became President in 2013 after the death of Hugo Chavez. He won reelection last year but critics say it was a sham.

Which Countries Are Supporting Mudro?

  • Russia and China, who have poured billions of dollars as investment, are supporting Mudro.

  • They are also supporting him as an extension of their geopolitical tussle with USA.

  • Mudro government is paying both Russian and Chinese loans with oil.

Source : The Indian Express

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