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Venezuela bondholders inch toward showdown

Wednesday, July 5, 2017

Venezuelan opposition sets symbolic vote on new Constitution

Venezuela’s opposition said Monday it would hold a symbolic referendum to give voters the opportunity to reject President Nicolas Maduro’s plans to rewrite the Constitution.The plan announced by National Assembly President Julio Borges is a dramatic escalation of the opposition’s effort to fight Maduro’s proposal. Borges said that the vote would be held July 16 — two weeks before Maduro is asking Venezuelans to go to the polls to choose delegates for a special assembly to overhaul the charter. “We want the people to decide,” Borges told a crowd of opposition leaders gathered in eastern Caracas. “Today we’re united in a single bloc to defend our Constitution.” More…

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