Russian-Venezuelan. A Santiaguino who left his heart in Caracas, Daniel is currently rehabbing from his addiction to High Beta and is pursuing a masters' degree in economics at Universidad Católica de Chile. Views are his own.
Nothing spells ‘endgame’ like a distressed authoritarian government, with its legitimacy rapidly vanishing in the eyes of the international community, trying and failing to plunder its nation’s riches one last time.
The Maduro administration defaulted on the USD 650M payment of Electricidad de Caracas’ 2018 bonds due on April 10, as expected by the market. However, PDVSA 6% 22 bond coupons due since October were released to investors. State media and officials remain in full blackout mode.
The perennial conflict between individual incentives and the common good is the most pressing issue studied by contemporary social sciences. It’s also key to understanding how our country became a mess.
A seemingly endless flow of terrible headlines suggesting Miraflores is as close to bankruptcy as ever capped off a payment delay on the VENZ 2027 coupon. And the Venny Bulls laugh through it all on a blend of optimism and cynicism.
We’ve been able to hang on for 19 years in one of the craziest media landscapes in the world. Now, the difficulty level was raised abruptly with the global pandemic. We’ve seen different media outlets in Venezuela (and abroad) cutting personnel to avoid closing shop. This is something we’re looking to avoid at all costs, and it seems we will. But your collaboration goes a long way in helping us weather the storm.