As far as I’m concerned, Venezuela is bankrupt. There’s no way out of this through natural market forces.
Who do you think will come to their rescue? The IMF? China? Russia? Or will there be a coup?
Venezuela is undergoing massive financial pressure as they have once again defaulted on more debt. We know where this is headed and unfortunately, it’s not looking good. The country is quickly spiraling downward in an abyss from which it will never recover.
Venezuela Misses Another Debt Payment, Raising Stakes for Bondholders – WSJ
OPEC : OPEC Share of World Crude Oil Reserves
Cuba takes over Venezuela stake in refinery joint venture