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Is this the end of the socialist dream in Venezuela?

Written by Iñaki Sagarzazu.

An alliance of centre-left, centrist and right-wing opposition parties has scored a resounding victory in Venezuela’s parliamentary elections – marking a seismic shift for the country.

Breaking two decades of dominance by the socialist government, the Democratic Unity alliance has won the vast majority of seats, after promising economic and social change.

The government will stay on because president Nicolas Maduro holds executive power, but the sizeable majority won by the opposition is a strong signal that a recall referendum could take place in 2016. Continue reading Is this the end of the socialist dream in Venezuela?