William Spindler: Oil-Rich Venezuela

william spindler: The rate of migration has sped up in the past six months, said William Spindler of the UN high commissioner for refugees UNHCR which appealed for greater international efforts to ease the strain on Venezuela's neighbours, according to The Guardian. Life's a struggle as Venezuela inflation heads for one million per cent Read more Oil-rich Venezuela has sunk into crisis under its socialist president, Nicol s Maduro, who has struggled to rein in hyperinflation and clamped down on political opponents. The new figures show that about one in 12 of the population has now left the country, driven by violence, hyperinflation and shortages of food and medicines. UN data in September showed 2.6 million had fled to neighbouring countries, but regional governments are struggling to cope with the humanitarian and political fallout from one of the largest mass migrations in Latin American history. Colombia is sheltering 1 million Venezuelans. The main increases continue to be reported in Colombia and Peru, Spindler said. (news.financializer.com). As reported in the news.