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

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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
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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
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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
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L0B0MAL
Shouldn't this country be wiped out from the World Economic Map?
Jan 23rd, 2016 - 10:56 am - Link - Report abuse 0
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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
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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
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