Venezuela gives president decree powers for 'economic war'


  • World
  • Wednesday, 20 Nov 2013

CARACAS (Reuters) - Venezuelan lawmakers granted President Nicolas Maduro yearlong decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption but adversaries view as a power grab.

Hundreds of supporters of the ruling Socialist Party cheered outside the National Assembly as the so-called Enabling Law was passed, while a recording of Maduro's late predecessor, Hugo Chavez, singing Venezuela's anthem rang out inside the hall.

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