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Venezuela bondholders inch toward showdown

Monday, February 27, 2017

Venezuela’s Economic Crisis Makes Way For Acute Starvation

As per the revelation by annual national survey, the woes of the South American nation of Venezuela has reached a shocking stage. The survey showed nearly three-quarters of respondents losing an average of 19 pounds between 2015 and 2016. This is just part of the sad stories plaguing the Latin American nation for a long time now. The country’s National Survey of Living Condition is overseen by three major Venezuelan universities and other research groups. Venezuela has been suffering from an economic crisis from 2014, after oil prices around the world plunged. This along with the government’s short-sighted fiscal policy and overreliance on unaffordable imports that it can’t afford to keep up, the economy has ground to a halt. More…

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