Maduro faces financial nightmare in Venezuela — just in time for Halloween

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CosmicSentry
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Maduro faces financial nightmare in Venezuela — just in time for Halloween

Post by CosmicSentry » Sun Oct 15, 2017 1:18 pm

With its coffers empty and its financial moves restricted by U.S. sanctions, Venezuelan President Nicolás Maduro’s government is facing a nightmarish scenario with the approach of Halloween, when a series of debt payments totaling more than $3.5 billion are due.

Analysts said the government will do everything possible to make the payments, even if it means further cuts in already reduced food imports, which would deepen shortages in a country where a majority of people cannot get three meals a day.

But a default cannot be ruled out because of the precarious state of the country’s finances, the low level of reserves and the reluctance of strategic allies like Russia and China to continue lending money to Venezuela.
http://www.miamiherald.com/news/nation- ... 18756.html



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CosmicSentry
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Re: Maduro faces financial nightmare in Venezuela — just in time for Halloween

Post by CosmicSentry » Sun Oct 15, 2017 1:18 pm

Once again, Socialism doesn't work!



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