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Venezuela bondholders inch toward showdown

Monday, May 15, 2017

Papal aide says elections the only solution as Venezuela delays a vote

According to , Venezuela’s government, led by Nicolás Maduro, who succeeded socialist Hugo Chavez, “must give signals of wanting to solve [the crisis] and take under consideration the clamor of the people, look for solutions. “I believe that elections are the solution,” Parolin said flatly. It marks the first time the Vatican has directly called for elections in Venezuela, which could imply a transition away from Maduro’s rule. Polls show plummeting support for Maduro’s party, and electoral officials in the country, reportedly at the direction of the executive branch, have repeatedly delayed or cancelled planned elections. More…

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