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Venezuela bondholders inch toward showdown

Tuesday, May 2, 2017

Nicolás Maduro, Venezuela President, Calls for a Rewrite of the Constitution

President Nicolás Maduro of Venezuela said Monday that he would convene an assembly to rewrite the country’s Constitution, which he said would quell mounting protests against him. But the plan was quickly rejected by his opponents as an attempt to avoid elections. In a televised address on International Workers’ Day — on which both the president and his opponents held demonstrations — Mr. Maduro said he would call together what he described as a “citizens’ constitutional assembly of the people, the communities, the peasants” to rewrite the governing charter. More…

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