Venezuelan President Maduro admits economy has 'failed'
Venezuelan President NicolÃ¡s Maduro has admitted that his economic model has "failed", saying that "the responsibility is ours, mine and yours". Adding that "we need to make Venezuela an economic power", Maduro said, "It will take about two years to reach a high level of stability." Earlier, the International Monetary Fund predicted that Venezuela's inflation could top 1,000,000% this year.