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Venezuela bondholders inch toward showdown

Thursday, June 8, 2017

Can Legislative Action, Even a Symbolic One, Help End Venezuela’s Crisis?

“We must work by taking action, and that is what we are doing on the streets,” he said. “Naming a new President of the Supreme Court would only be a symbolic issue. The practical part is a priority.” Naming new officials could create a parallel state, which could raise questions of legitimacy and divide popular support, he said. It would be very risky, especially because the current administration is so well armed. “This is not a race to see who violates the constitution more,” Olivares said, “and that could happen if a parallel state is created.” More…

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