Ghost Town: A Venezuelan El Dorado Hits Rock Bottom

Maracaibo used to be the Dallas of Venezuela, it’s wealth fueled by oil. But today, residents are fighting for survival and the city is experiencing an exodus. The collapse of Maracaibo is emblematic of what may lie in store for the country at large.

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Author: Spiegel.de

Spiegel Online (SPON) is one of the most widely read German-language news websites. It was founded in 1994 as the online offshoot of the German news magazine, Der Spiegel, with a staff of journalists working independently of the magazine. Today, Spiegel Online is the most frequently quoted online media product in Germany. Spiegel Online International, a section featuring articles translated into English, was launched in autumn 2004.