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Venezuela bondholders inch toward showdown

Monday, July 10, 2017

A Hero, a Turncoat, and a Trojan Horse Shake Venezuela

Venezuela’s crisis is a genuine nightmare, but it now also has elements of farce. The nation’s most famed political prisoner has been released to house arrest, and the attorney general who put him behind bars has changed sides and denounced the “state terrorism” of strongman Nicolás Maduro. In turn, Maduro’s supreme court is on the verge of ousting the attorney general on flimsy charges and has illegally named a Maduro loyalist to be her deputy. The deputy has been denied access to the Ministry of Justice, so last week she entered the building in the trunk of a car to gather evidence against her new boss before she was discovered and thrown out of the building. Politics in Venezuela is a cross between a Latin version of House of Cards and an Inspector Clouseau movie. More…

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