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Venezuela bondholders inch toward showdown

Friday, April 7, 2017

Southcom commander warns Congress of growing humanitarian crisis in Venezuela

The admiral in charge of the U.S. Southern Command testified at Congress Thursday that while the region is “stable,” the situation in Venezuela is worsening and could trigger a humanitarian crisis requiring regional intervention. “The enormous economic instability that’s taking place in Venezuela affects the entire region,” Adm. Kurt Tidd told the Senate Armed Services Committee. Both China and Russia “have significant economic involvement” in Venezuela, he added, and “it would be difficult to imagine that they would not look to take advantage of further instability in that country.” More…

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