The Swap is a Trap
PDVSA is testing the waters for a long-awaited ‘swap’ of PDVSA 2016/2017 bonds. But the exercise could prove so costly, it may just not be politically or financially sustainable.
PDVSA is testing the waters for a long-awaited ‘swap’ of PDVSA 2016/2017 bonds. But the exercise could prove so costly, it may just not be politically or financially sustainable.
The food situation is bad enough in Puerto Ordaz now that people are making the 13-hour trek to the Brazilian border for supplies...or submitting to the humiliations of the CLAP bag.
For the last 17 years, our jurisprudence has been under attack. Two weeks ago, the National Assembly finally stood up for the rule of law. People outside the legal profession don’t always understand why that matters: I’m here to make the case.
The Petrocéntrico view that specializing on oil will make us rich is both wrong and dangerous. If we're serious about development, diversification is not a tarea we get to just skip.
Our good friend Omar Zambrano is making the leap back home. Great news, but he seems to be veiling his economic views. My advice: go deep, bro.
El Furrial, once the jewel in PDVSA’s Crown, has seen production collapse from 408,000 b/d in 2008 to 198,000 in 2015: a catastrophe that is costing the country untold millions of dollars each and every day. What happened?
A bizarre Labour Ministry resolution seems to open the door for the government to forcibly send you to work in the fields. It sounds like pure El Cafetal paranoia. Is it?
The parallels between Hugo Chávez and Donald Trump are so obvious, they can be hard to resist. But as Juan explains, they're also facile, and miss the thing that made Chávez ultimately so destructive: his capacity to play the long game.
Your daily briefing for Wednesday, July 27, 2016. Translated by Javier Liendo.
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