Is Venezuela on the Cusp of Default?
Posted on 02/08/2016
Venezuela has been wrecked by an expansive socialist regime, soaring consumer prices, triple-digit inflation, product shortages, rampant inflation, low oil prices and a dwindling economy. Venezuela was an oil-rich country with a sovereign fund, but under its previous leader Hugo Chávez, the country spent billions to finance expensive social programs and infrastructure projects. Before oil […]