Maduro calls for restructuring Venezuela’s foreign debt

Washington Post ^ | November 2, 2017 | Anthony Faiola

[C19fan]

President Nicolás Maduro on Thursday called for a restructuring of Venezuela’s foreign debt, blaming heightened U.S. sanctions by the Trump administration and potentially signaling a critical new phase in the country’s economic collapse.

Maduro stopped short of declaring the kind of broad, messy default that analysts have feared in the oil-producing nation, and he said Venezuela would on Friday make a key $1.1 billion bond payment for its state energy firm, PDVSA.

[C19fan]

Venezuela finally reached the run out of other people's money stage.

[BraveMan]

President Nicolás Maduro should start a “Go Fund Me” page.

[Oldeconomybuyer]

This worked great in Argentina. /s

[Tijeras_Slim]

Venezuela finally reached the run out of other people's money stage.

But South America will never run out of Yankees to blame.

[Mr Ramsbotham]

No more greedy capitalists or price-gougers to blame, so it’s on to the next stage.

[okie 54]

Good luck Venezuela You “B” is in the toilet. Your oil production is dropping. You owe about every oil field service company you ever had dealings with. You stole man companies assets. Who in their right mind will trust you?

[fungoking]

But chavez family are still the richest people in Venezuela

[DIRTYSECRET]

Think of it as Obamacare.

[bgill]

Corruption breeds corruption.

[VTenigma]

Restructuring = re-arranging the deck chairs.

[VTenigma]

Restructuring = re-arranging the deck chairs.

[lurk]

Maybe if they reduce factory and food production 50%, that would help.

[I want the USA back]

In other words, not paying it. I.E. stealing it.

[Constitution Day]

Reminder: