The coming implosion of the Venezuelan economy
should prompt similar introspection — not at the IMF, which has been absent
since its “expulsion” by President Hugo Chávez in 2007, but in China. It is hard to exaggerate the magnitude of
the Venezuelan collapse. People are queueing for hours to buy food, stores are
empty, and the country is in a deep recession. Venezuela has the fastest inflation
in the world, while its government debt is the most expensive to insure against
default. More... 
Wednesday, January 21, 2015
Venezuela’s economic collapse owes a debt to China
The coming implosion of the Venezuelan economy
should prompt similar introspection — not at the IMF, which has been absent
since its “expulsion” by President Hugo Chávez in 2007, but in China. It is hard to exaggerate the magnitude of
the Venezuelan collapse. People are queueing for hours to buy food, stores are
empty, and the country is in a deep recession. Venezuela has the fastest inflation
in the world, while its government debt is the most expensive to insure against
default. More... 
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment