Posts byMateo Ricucci

I'm a second year Economics and Business Economics students from Venezuela. My main interests are in politics and economics, but I like to write about issues in South America.

UEFA had Enough of State-run Clubs

On 14 February 2020, the Union of European Football Associations (UEFA) announced a ban on English football club, Manchester City, for breaching Financial Fair Play (FFP) regulations. The club was fined 30 million euros and barred from participating in UEFA cup competitions for the 2020-21 and 2021-22 seasons. This concluded an investigation launched in 2018
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The Rise and Fall of Somali Piracy

As a consequence of the collapse of the Somali state in 1991, the country was left without a government. The subsequent disbandment of the Somali Navy meant there were no forces to defend the coastline, which prompted foreign fishing vessels to employ a variety of non-sustainable fishing techniques that devastated Somali fisheries. Local clan leaders
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Venezuela: Cuba’s Oil Sugar Daddy

In the midst of one of the worst economic crises in recent times, Venezuela keeps losing hundreds of millions of dollars a year by maintaining its oil subsidy to Cuba.

Venezuela has the largest proven oil reserves in the world. Before the arrival of Hugo Chávez to the presidency in 1999, Venezuela’s oil production was in a constant rise up to 3.4 million barrels per day. Nowadays, this amount has fallen below 750 thousand barrels per day. Over the past 19 years, Cuba has benefited
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