Venezuela top court grants Maduro economic emergency powers, opposition cries foul


  • World
  • Friday, 12 Feb 2016

Venezuela's President Nicolas Maduro (L) talks during the opening ceremony of a plant of PVC tubes in the state of Carabobo, in this handout picture provided by Miraflores Palace on February 11, 2016. REUTERS/Miraflores Palace/Handout via Reuters

CARACAS (Reuters) - Venezuela's Supreme Court approved President Nicolas Maduro's "economic emergency" decree on Thursday, setting up a showdown after the Venezuelan Congress rejected the measure last month.

Maduro's decree includes wider executive powers to control the budget, companies and the currency amid a severe economic crisis in the OPEC nation.

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