Venezuela takes “pragmatic” step with Menendez appointment

Venezuela takes “pragmatic” step with Menendez appointment

Economy & Policy

Venezuela is understood to have named Ricardo Menendez as vice president for planning and development, a move that analysts described as a tilt toward pragmatism in the country’s leadership. Menendez replaces Jorge Giordani. The move was market positive, said Deutsche Bank analysts: “The exit (or diminished influence) of Mr. Giordani should ease the economic decision-making process, widely believed to be slowed by differences between radicals and pragmatists, in favor of the latter group.” The m

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