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Venezuela bondholders inch toward showdown

Friday, June 16, 2017

ARGUMENT How to Avoid a Bloodbath in Venezuela

With Venezuela’s economy in shambles and popular discontent on the rise, it seems increasingly likely that the authoritarian rule of President Nicolás Maduro will come to an end sooner than he would like. It’s by no means clear how that will happen. One hopes for a peaceful transition to democratic rule; one fears a bloodbath. Maduro has shown no inclination to restore democratic rule on his own. Over the past year, his government has blocked elections, jailed opposition leaders, and cracked down on protests throughout the country — including by prosecuting hundreds of civilians in military courts. More…

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