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Venezuela bondholders inch toward showdown

Wednesday, May 24, 2017

As Venezuela unrest spreads, Maduro presses on with plans to rewrite charter

The South American OPEC member has been racked by strife, with 55 people killed during unrest in the past two months as public anger boiled over due to an economic meltdown that has left many Venezuelans scrabbling to afford three meals a day. In an apparent bid to show the government was seeking a democratic solution, the head of the pro-government electoral council said voting for a controversial "constituent assembly" would be held in late July. Regional gubernatorial elections, meant to have been held last year, would take place on Dec. 10, he said.The opposition reacted with fury, convinced that these moves were Maduro's way of clinging to power. More

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