Venezuela opposition thrashes 'Chavismo' to win legislature | Reuters

Venezuela opposition thrashes 'Chavismo' to win legislature | Reuters

The opposition Democratic Unity coalition won 99 seats to the Socialists' 46 in the 167-national National Assembly, the election board said, with some districts still to be counted.

Fireworks were set off in celebration in pro-opposition districts of Caracas when the results were announced, while government supporters dismantled planned victory parties.

Maduro, 53, quickly acknowledged the defeat, the worst for the ruling "Chavismo" movement since its founder Hugo Chavez took power in 1999.

"We are here, with morals and ethics, to recognize these adverse results," Maduro said in a speech to the nation, although he blamed his defeat on a campaign by business leaders and other opponents to sabotage the economy.

"The economic war has triumphed today," Maduro said.

Read more at Reutershttp://www.reuters.com/article/us-venezuela-election-idUSKBN0TP03Y20151207#TPUgF2mjyFFbJZWe.99