Because they can’t buy sugar in the country! Artificially sweetened drinks are not affected.The Venezuelan economy is a rolling disaster, brought on not only by foreign embargoes, but the complete incompetence of their government starting with Hugo Chavez. The country is quite probably on the way to a violent overthrow of the current Government. The story of how this oil rich country got there is a story of rich and poor, and a story of how America controls the Western Hemisphere.
Been to Venezuela on business and pleasure several times before Chavez was elected. It is a beautiful country, and I had considered retiring there. The cost of living was very low, and and the beaches are out of this world. Actually was there during one of their government coups, which was a little crazy – as I was stranded about 5 miles from my hotel and had to walk back. I had hired a driver to take me to see some of the sights, who became afraid to be on the road due to the roadblocks. While my poor Spanish isn’t going to fool anyone that I am a local, being brown does have the advantage of being able to blend in.Buying a Panama Hat, inexpensive sunglasses, local made shirt, pants, cheap watch, and a pair of Huaraches, as well as a bundle of flowers to carry – Iooking like your average Venezuelan businessman going to meet his girlfriend or mistress…I didn’t get stopped by the authorities or a second look.
Love the Country, hate what has happened to it, and the seeming inability to share the wealth with the poor.
Coca-Cola is halting production in Venezuela of its namesake beverage due to a sugar shortage brought on by the country’s grinding economic crisis.
The Atlanta-based company said in an emailed statement Friday said that its production of sugar-sweetened beverages will be suspended in the coming days after local suppliers reported they had run out of the raw material. Sugar-free beverages are not affected and the company said its offices and distribution centers remain open in Venezuela.
The move comes as Venezuela’s economy is teetering on the edge of collapse with widespread food shortages and inflation forecast to surpass 700 percent. Last month, Empresas Polar, Venezuela’s largest food and beverage company, stopped production of beer because of a lack of imported barley.
The Obama administration and governments in Latin America are encouraging efforts by former Spanish Prime Minister Jose Luis Rodriguez Zapatero to defuse the increasingly tense standoff in Venezuela
Zapatero said in a visit to Caracas this week that President Nicolas Maduro and leaders of the opposition expressed a willingness to launch a national dialogue aimed at resolving the country’s challenges.
It’s unclear what the next steps will be but the U.S. State Department on Friday said it welcomes the initiative as a way to guarantee respect for the Venezuelan people and the rule of law. The foreign ministries of Argentina, Chile, Colombia and Uruguay also made a call for dialogue.
Zapatero’s peacemaking follows a week of violent clashes between security forces and the opposition who are demanding Maduro’s ouster.