Nicolas Maduro sworn in for second term as Venezuela's president

Nicolas Maduro sworn in for second term as Venezuela's president

Nicolas Maduro sworn in for second term as Venezuela's president

After donning the presidential sash - as well as a ceremonial gold chain bearing the key to the sarcophagus containing the remains of Venezuela's revolutionary leader Simon Bolivar - an ebullient Maduro turned to salute the crowd with a V-sign.

The May 2018 election was widely boycotted by the opposition, which described it as a farce that was rigged in his favor. But Cuba's President Miguel Diaz-Canel and Bolivian President Evo Morales are coming to Caracas to show their support.

A press statement released by the US State Department further condemned Maduro's illegitimate usurpation of power on Thursday, following the allegedly unfree and unfair elections he imposed on the Venezuelan people on May 20, 2018.

Venezuela's socialist President Nicolas Maduro was sworn-in for his second six-year term Thursday; sparking outrage from world leaders and local activists demanding the brutal leader resign from office.

With the exception of Mexico, the Lima Group - made up of 14 mostly Latin American countries - has urged Maduro to renounce his second term and deliver power to parliament, a demand Caracas blasted as incitement to stage a coup d'etat.

The Foreign Ministry also noted that Buenos Aires had provided assistance to over 130,000 Venezuelan refugees. A year ago the U.S.

The resolution also underscored that the OAS Permanent Council and the Meeting of Consultation of Foreign Ministers remained ready to engage in diplomatic initiatives, including good offices, aimed at promoting dialogue in Venezuela, with a view to arriving at a political solution to the crisis in that country.

Venezuela's splintered opposition movement has failed to counter the socialist party's dominance. He denies being a dictator and often accuses President Donald Trump of leading an economic war against Venezuela that is destroying the country.

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Since taking office he has faced criticism at home and overseas over alleged human rights abuses and his handling of the economy, which is in a parlous state.

The economy in 2019 will continue to contract and inflation will skyrocket at a staggering 23 million per cent, forecasts Francisco Rodriguez, a former Venezuelan official who is now chief economist at New York-based Torino Capital.

An estimated 2.3 million Venezuelans have fled their nation's hyperinflation, food and medical shortages over the last two years, according to the United Nations.

"Today, we reiterate our support for Venezuela's National Assembly, the only legitimate branch of government duly elected by the Venezuelan people".

Anti-government riots in 2014 left 43 dead, and at least 125 people died in months of protests in 2017.

A US government source told Reuters the government believes reports that Padrino threatened to resign if Maduro did not depart are credible.

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