Venezuela Economy Literally Grinds To A Halt As Maduro Orders "Five Day Weekend" For Public Workers

Just three weeks ago, the Venezuela socialist paradise gifted local workers with one extra day of rest each week when, as a result of the crippling economic crisis and collapsing power grid, president Maduro designated every Friday in the months of April and May as a non-working holiday in his desperate bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. Never without a scapegoat, Maduro immediately blamed El-Nino for implementing the three-day weekend.

Venezuela Economy Literally Grinds To A Halt As Maduro Orders "Five Day Weekend" For Public Workers Guri_0

Venezuela Economy Literally Grinds To A Halt As Maduro Orders "Five Day Weekend" For Public Workers Guri_0

"This plan for 60 days, for two months, will allow the country to get through the most difficult period with the most risk," Maduro said on state television in early April. "I call on families, on the youth, to join this plan with discipline, with conscience and extreme collaboration to confront this extreme situation” of the drought blamed on the El Nino weather system.

As a reminder, the reason for the electrical rationing was the water content of Venezuela's Guri Dam, which supplies more than two-thirds of the country’s electricity. As The Latin American Herald Tribune wrote a month ago, the dam “is less than four meters from reaching the level where power generation will be impossible. Water levels at the hydroelectric dam are 3.56 meters from the start of a ‘collapse’ of the national electric system. Guri water levels are at their lowest levels since 2003, when the a nationwide strike against Hugo Chavez reduced the need for power, masking the problem."

Yesterday the water levels at Guri dam reached a record low of 241.67 meters, according to state power utility Corpoelec. If levels drop below 240 meters, the dam’s operator may be forced to shut down units at the plant that produces about 75 percent of the electricity that Caracas, the country’s capital and largest city, consumes.

http://www.zerohedge.com/news/2016-04-27/venezuela-economy-literally-grinds-halt-maduro-orders-five-day-weekend-public-worker

Venezuela Economy Literally Grinds To A Halt As Maduro Orders "Five Day Weekend" For Public Workers

Venezuela Economy Literally Grinds To A Halt As Maduro Orders "Five Day Weekend" For Public Workers

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