A Nation Must Think Before it Acts
FPRI Fellow Vanessa Neumann Quoted by Fox Business
A nation must think before it acts.
FPRI Fellow Vanessa Neumann Quoted by Fox Business
Venezuela’s debt crisis is spiraling out of control, and the maturing of a $650 million utility bond is prompting concern over a potential default.
Venezuela stopped paying bondholders in September, according to The Financial Times, citing central bank data. That contradicts President Nicolas Maduro, who has said that the country would continue to honor its debts while negotiating a resettlement with creditors.