Venezuela Managed Transition: External Guardianship Limits, Institutions Need Rebuild

An analysis from El Nacional argues that external guardianship can mitigate immediate risks in Venezuela's managed transition but cannot substitute for national institutions, which are so degraded they require near-total reconstruction. The piece signals skepticism about the durability of any externally managed process, implying that the transition's success hinges on rebuilding domestic governance capacity. This matters because it frames the limits of international involvement in Venezuela's political future.