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Venezuela bondholders inch toward showdown

Friday, June 23, 2017

Venezuela's Maduro confronts perils of his reliance on the military

When Venezuelan President Nicolás Maduro reshuffled duties in his deeply embattled government earlier this week, it wasn’t the changes at the top of the transport and fishing ministries that caused a buzz. Instead, it was the sacking of the heads of several branches of the military, in particular the general overseeing the National Guard, that drew widespread attention. That, plus Mr. Maduro’s pointed announcement that he was retaining his defense minister, Gen. Vladimir Padrino López, whom he described as a “loyal man.” More…

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