For the first time in ages, the Finance Minister addressed his battered and bruised nation. To what end? To stamp out the scourge of our time… the merchant willing to swipe your card and advance you some cash for a commission.
The Constituent Assembly’s sometimes portrayed as a strange new autocratic departure. In fact, when it comes to spending and anything related with the economy, Maduro been ruling on his own for ages.
As Francisco Rodríguez calls for the AN and the ANC to jointly approve new debt, we wonder who’s left out there who would lend to Venezuela with legislative authority, but not without it.
What do U.S. financial sanctions mean for Venezuelan oil? Will PDVSA be pushed into default? Or will they just make selling oil to the U.S. a little more inconvenient? We navigate through the ins and outs of Executive Order # 13808.
The Chinese may be throwing a lifeline to the Venezuelan government through a fishy deal, again sinking the country further into misery and helping Maduro remain in power at all costs.
The Trump administration is considering a ban on some or all Venezuela/PDVSA bond trading, and now bondholders are leaving the market while they still can.
Nicolás Maduro and the Constituent Assembly are hell-bent on doubling down on the price control policies at the root of Venezuela’s economic meltdown.
Mexico is exploring a devious plan to eat Venezuela’s Petrocaribe lunch, potentially breaking one of the last pinche bastions of diplomatic support Caracas has left.
Say what you will about president Maduro, he didn’t start the expropriation scheme. His predecessor did, and you better believe it’s time to pay.
PDVSA’s financial statements for 2016 are in, and it’s all sorts of fun — if you’re into suffering and crying.
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