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Blackouts savage Venezuela’s already tattered economy

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Blackouts savage Venezuela's already tattered economyTwo vast blackouts that hit Venezuela this month have savaged its already ragged economy, paralyzing its vital oil industry and costing the country $200 million a day, experts say. “Each day of blackout… we have losses of around $200 million,” Carlos Larrazabal, head of Fedecamaras federation of chambers of commerce and production, told AFP.