Venezuela Default Seen by Harvard Economist as Arrears Grow
Sept. 8 (Bloomberg) -- As Venezuela racks up billions of dollars of arrears with importers that are fueling the worst shortages on record, one of the nation’s top economists is questioning the government’s decision to keep servicing its foreign bonds.
Should Venezuela default?
Will Venezuela default on its foreign bonds? Markets fear that it might. That is why Venezuelan bonds pay over 11 percentage points more than US Treasuries, which is 12 times more than Mexico, four times more than Nigeria, and double what Bolivia pays.
Mitsubishi decides to stop vehicle production at its Venezuela plant
The Japanese automaker’s subsidiary in Venezuela has suspended vehicle production related operations because of a delay in the import of parts for assembly, a union official said late last week. Carmakers in the South American country, just like other ...
