Henrique Capriles: Venezuela Must Refinance Debt, Avoid Default

“When faced with economic crisis, we must not remain indifferent,” Miranda Governor Henrique Capriles Radonski said during a press conference on Tuesday. Amid soaring inflation, Venezuela must refinance its foreign debt to improve government revenue, he says. “We cannot sit back and watch our country destroyed.” The governor unveiled a six-point economic recovery plan that aims to generate US$20 billion in revenue and halt the economy’s downward spiral by the end of 2015. At it’s core, says Capriles, the plan is meant to bolster the country’s productive sector. More…