The Economic Consequences of a Diplomatic War: Panama against Venezuela

PANAMA - Report 13 Mar 2014 by Marco Fernandez and Guillermo Chapman
The war scenario was the Organization of American States (OEA, in Spanish), the ever-futile forum of thirty-five hemispheric countries: (“all of us minus Cuba” as someone said). The date: February 25. The trigger event: a proposal by OEA’s Panamanian Ambassador to hold special sessions to address the political situation in Venezuela. That was too much for Venezuela’s President Nicolás Maduro: there was no way that the influence of foreign countries would promote a dialogue between the Government and the opposition groups, he argued. Those groups were barricading in the streets of major citi...

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