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The Conversation USA

Nobody is going to bail out Venezuela

  • Written by Henkel Garcia U, Finance Instructor, Professional Studies Extension Programme, Andres Bello Catholic University (UCAB)

Venezuela, the South American country convulsed by economic and humanitarian catastrophe, has defaulted on some of its debt after missing an interest payment due in October.

Even as investors meet in Caracas to discuss restructuring US$60 billion in foreign debt, the country is in urgent need of international financial assistance.

Yet few nations...

Read more: Nobody is going to bail out Venezuela

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