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Title : Venezuela's Financial Nightmare Continues
link : Venezuela's Financial Nightmare Continues
Venezuela's Financial Nightmare Continues
Corina Pons & Eyanir Chinea. Reuters
Miami Herald: Maduro faces financial nightmare in Venezuela — just in time for Halloween
With its coffers empty and its financial moves restricted by U.S. sanctions, Venezuelan President Nicolás Maduro’s government is facing a nightmarish scenario with the approach of Halloween, when a series of debt payments totaling more than $3.5 billion are due.
Analysts said the government will do everything possible to make the payments, even if it means further cuts in already reduced food imports, which would deepen shortages in a country where a majority of people cannot get three meals a day.
But a default cannot be ruled out because of the precarious state of the country’s finances, the low level of reserves and the reluctance of strategic allies like Russia and China to continue lending money to Venezuela.
Read more ....
WNU Editor: As bad as it is now .... it is going to get far worse in 2018.
Corina Pons & Eyanir Chinea. Reuters
Miami Herald: Maduro faces financial nightmare in Venezuela — just in time for Halloween
With its coffers empty and its financial moves restricted by U.S. sanctions, Venezuelan President Nicolás Maduro’s government is facing a nightmarish scenario with the approach of Halloween, when a
Loading...
series of debt payments totaling more than $3.5 billion are due.
Analysts said the government will do everything possible to make the payments, even if it means further cuts in already reduced food imports, which would deepen shortages in a country where a majority of people cannot get three meals a day.
But a default cannot be ruled out because of the precarious state of the country’s finances, the low level of reserves and the reluctance of strategic allies like Russia and China to continue lending money to Venezuela.
Read more ....
WNU Editor: As bad as it is now .... it is going to get far worse in 2018.
Analysts said the government will do everything possible to make the payments, even if it means further cuts in already reduced food imports, which would deepen shortages in a country where a majority of people cannot get three meals a day.
But a default cannot be ruled out because of the precarious state of the country’s finances, the low level of reserves and the reluctance of strategic allies like Russia and China to continue lending money to Venezuela.
Read more ....
WNU Editor: As bad as it is now .... it is going to get far worse in 2018.
Thus articles Venezuela's Financial Nightmare Continues
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