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Significance
Speculation around some form of military intervention to remove President Nicolas Maduro has subsided, with a stepping up of international efforts to find a negotiated solution to the paralysing political impasse. Caracas has adopted an increasingly bullish rhetoric, but serious political and economic pressures remain and it is only a matter of time before the next period of turbulence.
Impacts
Efforts to present a more fiscally responsible face will generate severe tensions with popular and labour sectors.
The current degree of relative calm will not endure.
International human rights efforts will bring no near-term relief.
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2018
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