MercoPress, en Español

Montevideo, August 14th 2022 - 04:33 UTC



Banks don't discard credit-short Venezuela will undergo a 'credit event' in 2016

Friday, January 22nd 2016 - 05:12 UTC
Full article 6 comments

Slumping crude prices have investors and analysts warning of a potential messy default in Venezuela, with state-owned oil company PDVSA owing some US$10 billion in external debt payments due this year. With crude hovering around US$28 per barrel, Venezuela could have trouble satisfying its obligations. Read full article


Disclaimer & comment rules
  • ChrisR

    First time I have heard a complete fucking of the economy by a government described as a 'credit event'. Must have something lost in translation between Jibber-jabber and English.

    Jan 22nd, 2016 - 05:36 pm - Link - Report abuse 0
  • Conqueror

    See that thing round his neck? That's Venezuela's money. All of it!

    Jan 22nd, 2016 - 05:53 pm - Link - Report abuse 0
  • ilsen

    Sadly, Venezuela is on the 'edge-of-the-abyss”, economically-speaking. I truly fear for the people there.

    Jan 22nd, 2016 - 11:05 pm - Link - Report abuse 0
  • L0B0MAL

    Shouldn't this country be wiped out from the World Economic Map?

    Jan 23rd, 2016 - 10:56 am - Link - Report abuse 0
  • yankeeboy

    If they default they'll lose substantial assets in the USA.
    and I'll finally be able to use Citgo again.

    Jan 23rd, 2016 - 01:55 pm - Link - Report abuse 0
  • ilsen

    @4 L0B0MAL

    How exactly are you contributing to this discussion?

    Asinine comments are not welcome, especially since real people's lives are at risk.

    Jan 24th, 2016 - 03:00 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!