In a stunning reversal of the pro-business coup that ousted him from power on Friday, Venezuelan President Hugo Chavez has returned to the presidential office. Mass protests had erupted in the Venezuelan capital of Caracas immediately after the coup. Thousands of people stormed the presidential palace, 'interim-president' Carmona fled and was later arrested. Read more.
On Friday morning, the Venezuelan army forced President Hugo Chavez to step back from power and put him under arrest. The president of the business council Fedecamaras, Pedro Carmona Estanga, was appointed to head an interim government.
The coup followed days of strikes and mass protests which had been initiated and organised by business councils and business-friendly trade unions. For several months, the national oligarchy opposed to the planned social and land reforms, had provoked civilian opposition to the Chavez-led government. The US-government and international financial institutions had also criticised Chavez for his non-compliance with their demands and had made clear that they would support his removal. Read more here and here.
Background info from:
NarcoNews | Zmag | Schnews
