People line up to buy toilet paper and baby diapers as national guards control the access at a supermarket in downtown Caracas on January 19, 2015. (REUTERS/JORGE SILVA)
January 26, 2015
Empty shelves, deepening recession and soaring inflation have hit Venezuela as the price of oil drops to the lowest levels since 2009. Many are standing in line for hours to buy basic subsidised goods such as milk, soap and diapers. President Nicolas Maduro, who has a 22 per cent approval rating, admitted his country is in a crisis but blames his political foes. The opposition, who has called for protests, says the troubled economy is a result of years of corruption and misguided policies.