Guaido calls for more protests as Maduro displays military might

Guaido calls for more protests as Maduro displays military might

Maduro's support from the military has been a crucial part of him staying in power since 2013.

However, processing worldwide financial transactions will be a challenge, without going through the USA or European banks.

Spain, France, Germany, the United Kingdom and the Netherlands said on January 26 that they would recognize Guaido as Venezuela's interim president unless Maduro called elections in eight days.

Venezuela's self-proclaimed interim leader, Juan Guaido, has reportedly called on the Greek government to side with the European Union in pressuring President Nicolas Maduro to hold free and fair elections soon, according to an interview with Greek TV station Skai on Monday.

Pope Francis, winding up a trip to Panama, said he was praying that "a just and peaceful solution is reached to overcome the crisis, respecting human rights".

Venezuela has backed down from their demand that United States diplomats leave the country, saying they're open to talks - as the Trump administration warned of a "significant response" if American personnel are threatened or intimidated.

Maduro says the United States is promoting a coup against him and promised to stay in office, backed by Russian Federation and China, which have bankrolled his government and fought off efforts to have his government disavowed by the United Nations.

The American Petroleum Institute reported that a number of records were broken in the energy industry of the United States in December, including gasoline demand, crude oil production, and crude oil exports.

"Either you stand with the forces of freedom, or you're in league with Maduro and his mayhem".

Trump last week announced that the USA would recognize Guaido as the legitimate president of the country.

"Venezuela does not pose any threat to peace and security".

The show of force was accompanied by a government publicity campaign online based on the slogan "Always Loyal, Never A Traitor", and followed a high-profile defection by the country's top military diplomat in the U.S. last Saturday.

Pompeo urged nations to end financial transactions with Maduro's government, which has struggled to pay bills despite the country's oil wealth.

Venezuela has sunk into a crushing economic crisis under Maduro's policies, with widespread food and medical shortages that have forced millions of people to starve or flee. Russian Federation and China back Maduro.

Maduro earlier gave U.S. diplomats until late on Saturday to leave Venezuela.

In a sign output could rise further, USA energy firms last week raised the number of rigs looking for new oil for the first time in 2019 to 862, an addition of 10 rigs, Baker Hughes energy services firm said in its weekly report on Friday.

The council meeting came a day after Guaido vowed to remain on the streets until his country has a transitional government, while Maduro dug in and accused his opponents of orchestrating a coup.

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