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Venezuela bondholders inch toward showdown

Thursday, March 23, 2017

How Venezuela can avoid suspension from the OAS by Luis Almagro

Today, while you read these lines, in a South American country of more than 30 million people there is a dictatorship. That country is Venezuela. Its government – in violation of its own constitution – does not allow the people to vote (it suspended the recall referendum and the gubernatorial elections in 2016), holds more than 100 people (among them the main opposition leader) behind bars for their ideas, has stripped the Parliament of its powers and has annulled its laws through the judiciary (completely controlled by the government), while the state security forces can arbitrarily detain and torture any citizen whenever the government decides to do so. We cannot continue to look away. More…

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