Venezuela’s ‘self-proclaimed’ president says billions ‘held in Portugal and Spain’ would be used to finance repression

As Venezuelan president Nicolas Maduro continues to hold on to power in the troubled South American country, Juan Guiadó – his ‘usurper’, recognised by 56 nations – has taken part via videolink in the Global Conferences of Estoril. Guaidó traced the dire reality within his country stressing that the billions of euros ‘held ’ by Portuguese and Spanish banks would be used to finance repression if Maduro managed to get hold of them.

Maduro and his supporters have been railing against the monies withheld, saying they are intended to purchase vital medicines for ailing citizens (click here).

But Juan Guiadó told the Estoril conference on Monday that the billions (€1.5 billion of which is sitting in Novo Banco in Portugal) would be used to finance paramilitary groups and ‘collectives’ of armed motorcyclists that support Maduro’s regime

Guiadó added that “the subversive Colombian national liberation army” is present in 11 of Venezuela’s 24 states, along with members of Hezbollah and other ‘irregular groups’.

He explained that the paramilitary groups are connected to narcotrafficking and the mining of Venezuelan gold which they then use to buy arms from Colombia.

If the situation persists, Guaidó said it could plunge the region of Latin America into a “crisis without precedent”.

Thanking his hosts for the opportunity to talk about his country, Guaidó said it was living one of its “worst moments” with shattered economy, mass emigration and escalating serious crimes.

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