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Venezuela bondholders inch toward showdown

Monday, March 27, 2017

Trump should let Latin America take the lead in addressing Venezuela’s crisis

The March 18 editorial “A principled appeal to action” asserted that the Obama administration “ignored” a 2016 appeal from Organization of American States Secretary General Luis Almagro to apply the Inter-American Democratic Charter against Venezuela. The reality is that the Obama administration supported Mr. Almagro’s initiative and made repeated public statements to this effect. Additionally, the United States was one of 20 countries that voted in favor of discussing Mr. Almagro’s report in June 2016, even though it was clear the proposal would not get the two-thirds vote needed to advance. More…

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