How Venezuela’s Collapse Helped Thaw Cuban-American Relations

TIME

“We have two presidents: Fidel Castro and Hugo Chávez,” declared Cuba’s then Vice President Carlos Lage in a visit to Caracas just under a decade ago. A couple of years later, in Havana, then Venezuelan President Hugo Chávez added, “At heart, we are just one government.”

It is likely not a coincidence that talks between the United States and Cuba—which culminated yesterday in an announcement that the two countries would begin to resume full diplomatic relations—began just after the death the former Venezuelan president who had bankrolled Cuba’s Revolution.

Today a beleaguered Venezuela no longer has the spare cash to fund the island’s beleaguered economy. The Castros likely realized this as Chávez’s presidency was coming to an end and were not keen for a return to the scarcity of the euphemistically titled Special Period of the 1990s, after the collapse of Cuba’s first patron, the Soviet Union. “We had nothing…

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