Latin America

GatoGordo

(2,412 posts)

2. Renegotiated debt takes two willing partners

Mon Nov 13, 2017, 01:48 PM

Nov 2017

Maduro WISHING he is going to renegotiate debt to stave of default, and his debt holders actually renegotiating that debt are two entirely separate things. To quote Burgess Merideth, "You can wish in one hand, and crap in the other, and see which gets filled first".

The debt holders are not forbidden to sell their debt, nor to renegotiate that debt. They just can't use US credit institutions to prop up the Stalinist regime in Venezuela. Nor can they negotiate with the narco-thug Tarek El Aissami.

FWIW, it isn't the US's fault that Maduro is defaulting. Chavismo has been a financial shambles since its inception in 1999.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

22 replies

= new reply since forum marked as read

Highlight:

Default Day in Venezuela [View all] GatoGordo Nov 2017 OP

So if not for American meddling the debt could be refinanced? Which is not uncommon in commerce. Fred Sanders Nov 2017 #1

Renegotiated debt takes two willing partners GatoGordo Nov 2017 #2

Shambles after 1999 same as the shambles before. Back on topic, the American sanctions Fred Sanders Nov 2017 #3

How familiar are you with Venezuela pre-1999? GatoGordo Nov 2017 #4

Oh my. MyNameGoesHere Nov 2017 #8

That pre-Chavismo Venezuela was far superior to Chavista Venezuela? GatoGordo Nov 2017 #16

You're history is a few years MyNameGoesHere Nov 2017 #19

Citation needed. IAmTheNight Nov 2017 #5

Here ya go...some remember history, some choose to suppress: Fred Sanders Nov 2017 #6

And today's a thousand times worse under Chavista rule IAmTheNight Nov 2017 #7

A thousand times, ya don't say? I answered your request...now you are upset...I get it. Fred Sanders Nov 2017 #9

Inflation in ChavismoLand LAST MONTH was over 50%. GatoGordo Nov 2017 #10

Chavez sabbat hunter Nov 2017 #13

And not only that, but the Chavista leadership decided to hoard most of the oil revenue IAmTheNight Nov 2017 #20

Delcy looks very fashionable in her Ferragamo shoes and Hermes scarf GatoGordo Nov 2017 #21

Only way he won't default sabbat hunter Nov 2017 #11

Chavismo is on the hook for $15 billion to the Chinese GatoGordo Nov 2017 #14

Winner winner, chicken dinner! GatoGordo Nov 2017 #12

It's official GatoGordo Nov 2017 #15

More: EX500rider Nov 2017 #17

I have relatives (wife's extended family) still living in Venezuela. GatoGordo Nov 2017 #18

13,000,000% and no end in sight GatoGordo Nov 2017 #22