Venezuela is going through a messy economic default — here's all you need to know

Venezuela is negotiating with its international creditors how to restructure the repayment of $60 billion. But despite the ongoing debt talks, analysts do not see strong reassurances that Venezuela will honor its financial commitments, even if its creditors are in a generous mood. "It's going to be one of the messiest defaults ever," Bill Blain, head of capital markets and alternative assets at Mint Partners, told CNBC via email. More