How long can Venezuela avoid default?
South America’s insolvent left-wing champion has been the star of sovereign-bond markets
THE mere mention of Venezuela should make most investors shudder. Its president, Nicolás Maduro, says that capitalism has “destroyed the planet” and vows to build a socialist Utopia. The country’s economic output has shrunk by more than a third since 2014, and it is suffering from dire shortages of food and medicine.
This article appeared in the The Americas section of the print edition under the headline “Staying afloat, somehow”
From the November 4th 2017 edition
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