An attempt to topple the regime led by Nicols Maduro seems to have stalled, say John Paul Rathbone and Gideon Long in the Financial Times. The move began with a call to arms by Venezuela's key opposition figures, Juan Guaid and Leopoldo Lpez, made from outside a military base near the capital. This raised hopes that the military and security forces would support Guaid, who is backedby more than 50 countries. Shortly afterwards, Lpez hadto take refuge in the Spanish embassy; security forces blocked Guaid from marching on the presidential palace.
But it's too early to write off Guaid, says Nicholas Casey in The New York Times. Maduro is still in office for now, but "many rank-and-file soldiers appear willing to defy their commanders and come to the aid of the opposition". Despite pledging their loyalty to Maduro, it was "telling" that the armed forces did not arrest Guaid, presumably fearing "a backlash for detaining the popular leaders". The most likely scenario now is "a revived but protracted struggle between Maduro and Guaid, with an unclear outcome".
There is "deep uncertainty" about what will happen next, but "the political and moral essence of this volatile situation" is clear, says The Washington Post.The regime has "violated human rights on a massive scale" and "led Venezuela into economic catastrophe". Maduro "forfeited democratic legitimacy" when he stripped the national assembly of its power in 2016 and then "engineered his re-election through a flawed process".The uprising is an effort by Venezuelans "to throw off an oppressive, toxic regime sothat they can freely elect a legitimate government".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
