Marianna Párraga has an absolute must-read of a deep dive for Reuters into the PDVSA Default debate. She sees default as likely-but-far-from-a-given, and chronicles PDVSA’s damage-limitation strategies in case October or November witness an “Event“.
It’s hard to pick a pull quote for this one because every graf is so interesting, but this bit really jumped out at me:
Getting a court order to freeze an account in China would be more difficult than acquiring access to those in the United States.
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