What’s left at the bottom of the barrel

While all eyes are in the streets and in Maduro’s latest kamikaze move, the Venezuelan default clock keeps ticking. Even if the government manages to crush the opposition once more, that would likely solve little on the financial front in the short term. The government needs cash to keep making debt payments this year, and that’s why the two controversial TSJ rulings gave (or tried to give) Maduro powers to raise foreign money without bothering with the National Assembly...READ MORE