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Title : Venezuela Has Gone Bust
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Venezuela Has Gone Bust
VOA: Flirting With Default, Venezuela Vows Debt Payment
CARACAS — Venezuela's cash-strapped government on Tuesday vowed it was making debt payments responsibly, even as two ratings agencies declared partial default on a crippling debt load that has fueled hunger and disease.
President Nicolas Maduro’s government left investors scratching their heads on Monday after a debt negotiation meeting that offered no specifics on plans to avoid default or execute an unlikely restructuring plan.
Despite optimism that payment will continue in the short-term, investors believe the country will at some point be unable to service some $60 billion in junk bonds — potentially triggering messy lawsuits and worsening an already difficult economic situation.
Read more ....
More News On Venezuela's Debt Crisis
Venezuela crisis deepens with 'selective default' -- Yahoo7 News
President Maduro brings Venezuela to brink of bankruptcy -- The Times
Venezuela slips deeper into crisis after default -- Financial Times
Venezuela—finally and officially—defaulted on its bonds -- Quartz
Venezuelan Debt Now Has the Vultures Circling -- New York Times
Venezuela Goes Bust -- Wall Street Journal editorial
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VOA: Flirting With Default, Venezuela Vows Debt Payment
CARACAS — Venezuela's cash-strapped government on Tuesday vowed it was making debt payments responsibly, even as two ratings agencies declared partial default on a crippling debt load that has fueled hunger and disease.
President Nicolas Maduro’s government left investors scratching their heads on Monday after a debt negotiation meeting that offered no specifics on plans to avoid default or execute an unlikely restructuring plan.
Despite optimism that payment will continue in the short-term, investors believe the country will at some point be unable to service some $60 billion in junk bonds — potentially triggering messy lawsuits and worsening an already difficult economic situation.
Read more ....
More News On Venezuela's Debt Crisis
Venezuela crisis deepens with 'selective default' -- Yahoo7 News
President Maduro brings Venezuela to brink of bankruptcy -- The Times
Venezuela slips deeper into crisis after default -- Financial Times
Venezuela—finally and officially—defaulted on its bonds -- Quartz
Venezuelan Debt Now Has the Vultures Circling -- New York Times
Venezuela Goes Bust -- Wall Street Journal editorial
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