Off the wire
• Weather forecast for world cities -- March 19  • Weather forecast for major Chinese cities, regions -- March 19  • Feature: Finnish enterprises hope to win bigger shares in Chinese economic story  • Angola launches campaign to combat yellow fever, malaria  • Full Text: Work report of NPC Standing Committee (12)  • Full Text: Work report of NPC Standing Committee (13)  • Full Text: Work report of NPC Standing Committee (7)  • Full Text: Work report of NPC Standing Committee (11)  • Shanghai Disneyland gives Mickey and Minnie Chinese looks  • Full Text: Work report of NPC Standing Committee (2)  
You are here: 　 Home

Venezuela's Supreme Court approves state of economic emergency

Xinhua, March 19, 2016 Adjust font size:

Venezuela's Supreme Court (TSJ) said Friday that the state of economic emergency ordered by President Nicolas Maduro to help solve the country's economic crisis was constitutional and would therefore go ahead.

The Venezuelan government declared a 60-day state of economic emergency in January to lead a "transformation" of the country's beleaguered economy.

The measure, which is now extended for another 60 days, would allow the government to take on "exceptional powers" to guarantee that the population would have full access to goods and services.

The TSJ stated in its ruling that the decree "attends to certain aspects of economic security... and is necessary for the development and social protection" of the country.

On Thursday, the opposition majority in the National Assembly raised objection to the extension of the program, stating that Venezuela's economic problems "could not be solved by granting exorbitant powers to the government."

However, their objections were rejected by the TSJ, which said the decree is fully constitutional and "may safeguard the people and ensure harmonious development amidst extraordinary adverse circumstances." Endi