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Venezuela bondholders inch toward showdown

Tuesday, May 9, 2017

Venezuela crisis 2017: Protesters demand political, economic reform

IT IS a country deep in crisis. Record high inflation, food shortages and deadly protests are gripping Venezuela, once considered South America’s richest nation.Now it’s on the verge of collapse as its people demand economic reform and an end to the country’s authoritarian rule. Although the country has more oil underground than Saudi Arabia, it is facing desperate times with people queuing for hours for basic food and provisions. Citizens are out in force protesting against President Nicolas Maduro’s government which is crushing dissenters while working to maintain its grip on power. More…

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