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Venezuela bondholders inch toward showdown

Thursday, June 22, 2017

OAS nations wind up empty handed on Venezuela condemnation

The Organization of American States failed on Wednesday to issue a formal declaration condemning Venezuela's government for its handling of the political and economic crisis in the South American country, despite a last-minute push by Mexico and the United States. But member nations, including Mexico, committed to keep pressing the issue until the crisis in Venezuela, where at least 75 people have been killed in more than two months of protests, is peacefully resolved. "Mexico's position on Venezuela is a position that will not waver, it's a position that says representative democracy is the only form of government acceptable in the Western Hemisphere," Mexican Foreign Minister Luis Videgaray told reporters. More…

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