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Latin America

(67,105 posts)

4. Maduro is paying GS a grievous price for a lifeline.

Thu Jun 1, 2017, 09:05 PM

Jun 2017

For Maduro, it's political survival. For GS, it's profitable.

Goldman Sachs paid 31 cents on the dollar or $865 million.
Venezuela will owe $2.8 billion plus interest.

Maduro maintains a supply of cash to pay Venezuela's creditors,
but not provide a steady supply of food. Maduro's critics
call this arrangement "hunger bonds."

Why Critics Call Venezuela's Debt ‘Hunger Bonds’: QuickTake Q&A (Bloomberg)

https://www.bloomberg.com/politics/articles/2017-06-01/why-critics-call-venezuela-s-debt-hunger-bonds-quicktake-q-a

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I'm confused. Why is Maduro suddenly best friends with Wall Street? [View all] DetlefK Jun 2017 OP

Even if Maduro falls, Venezuela still owes the money marylandblue Jun 2017 #2

Post removed Post removed Jun 2017 #3

Maduro is paying GS a grievous price for a lifeline. Eugene Jun 2017 #4

The reckoning is coming GatoGordo Jun 2017 #5

Yesterday, these "PDV22s" came up for sale on the open market GatoGordo Jun 2017 #6