Default Day in Venezuela [View all]

[GatoGordo]

¡AL BORDE DEL DEFAULT! Venezuela enfrenta HOY “jornada crucial” con acreedores (ON THE EDGE OF THE DEFAULT! Venezuela faces TODAY "crucial day" with creditors)

DolarToday / Nov 13, 2017 @ 11:00 a.m.

Translation from Spanish

Venezuela will hold a crucial meeting with creditors in Caracas on Monday to discuss its plan to renegotiate the foreign debt, while bondholders will analyze the delay in payments in New York, amid strong fears of a default.

President Nicolás Maduro assured that Venezuela will never declare itself in default. "They have played for Venezuela to declare itself in default. Never! The default will never reach Venezuela. Our strategy is to renegotiate and refinance all the debt, "he said on Sunday.

Analysts predict little success in the meeting because US sanctions against Venezuela prohibit its investors from negotiating Venezuelan debt and 70% of bondholders are American and Canadian. In addition, Maduro appointed Vice President Tareck El Aissami and Finance Minister Simón Zerpa as top negotiators, whom the United States sanctioned and forbade its citizens to deal with.

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https://dolartoday.com/al-borde-del-default-venezuela-enfrenta-hoy-jornada-crucial-con-acreedores/