Venezuela admits its economy has 'structural problems'

[Zorro]

Venezuela's finance minister has acknowledged that the economic policies of late President Hugo Chavez and his successor are yet to be successful.

Nelson Merentes said the government had "improved" the living standards of many Venezuelans, but not solved the "structural problems" of the economy.

Generous government subsidies have slashed poverty and inequality.

But Venezuelans are suffering from the highest inflation in Latin America, sluggish growth and shortages.

http://www.bbc.co.uk/news/world-latin-america-23924372

Hey, but what does he know?

[Socialistlemur]

1. Merentes seems to be more pragmatic

But he'll have to get rid of Giordani to fix the huge problems Chavez left behind. With inflation running at 40 % and the economy in such disarray the future sure looks very bleak.