Venezuela's president threatens seizure of closed factories
Venezuela's president threatens seizure of closed factories
Caracas - Arab Today
Venezuelan President Nicolas Maduro has threatened the seizure of factories that have stopped production, and the jailing of their owners, the BBC reported Sunday.
In a speech to supporters in the capital Caracas, he said the country had to recover the means of production, to counter its deep economic crisis.
On Friday, he introduced a new, nationwide state of emergency.
Opposition protesters have been rallying in Caracas to push for a recall vote to eject him from power.
Maduro said the state of emergency was needed to combat foreign aggression, which he blamed for Venezuela's problems.
And he said military exercises would take place next weekend to counter "foreign threats".
Source: MENA
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