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Venezuela bondholders inch toward showdown

Thursday, June 8, 2017

Venezuela cardinal says Socialist regime leaves people ‘cruelly repressed’

One of Venezuela’s cardinals promised to give Pope Francis  “a very direct, crude, realistic view of the situation we are going through” in a meeting with the pontiff today, saying the country’s socialist government has left its people “cruelly repressed.”Cardinal Jorge Urosa Savino, Archbishop of Caracas, the country’s capital, spoke to Crux in advance of a special meeting of the leadership of Venezuela’s bishops’ conference with Francis. The Argentine pontiff has been an outspoken supporter of dialogue to end the crisis, and the Vatican’s position on the matter is clear: Elections need to happen. “The situation is very, very grave,” Urosa told Crux on Tuesday afternoon. More...

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