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Expert: Venezuela will not default in 2015

Posted on: Jul 6 2015 - 6:32am | #0
In: Venezuela News
The possibility of a dollar-based economy has been ruled out (Adolfo Acosta)

(TODAY VENEZUELA) – “Venezuela does not look like defaulting in 2015,” said José Ignacio Guarino, a professor in the area of finances and securities market. He explained that Venezuela has paid almost half of the outlays on account of principal and interest for debt maturity. “Bond 2015, which was for 1.3 billion euros, has been paid and, apparently, (state-run oil company) Pdvsa has saved between USD 2 billion and USD 6 billion. If so, officially, the coverage will be there to meet debt commitments this year,” Professor Guarino said. Until 2019 The scholar said that from 2015 through 2019 the outlays on account of debt maturity amount to USD 52 billion. “We have a very complicated economy, but there is...


Venezuela’s Young Choose Parallel Economy Over Higher Education

In a survey conducted among professors at the Gervasio Rubio Rural Pedagogic Institute, attached to the Libertador Experimental Pedagogical University (UPEL), they conveyed that the university sector was concerned over the Venezuelan youth’s general lack of interest in higher education; instead, they prefer to work in the so called “parallel economy”:...

Posted on: May 25 2015 - 10:41am | #0
In: Venezuela News

Venezuela Drafts Citizen Soldiers en Masse to Fight US “Invasion”

Venezuelan citizens are to be called up to join military units, according to new reports. (caraotadigital)

Conscription Drive Follows Nationwide Civilian-Military Drills TODAY VENEZUELA  – The youth wing of the governing United Socialist Party of Venezuela (JPSUV) and the 13,000 Units of Battle Hugo Chávez are to pass the master list of their members to the commanders of the National Bolivarian Armed Forces (FANB) in order to enlist them in military garrisons, according to reports...

How Venezuela Has Turned Into A Pauper

Posted on: Mar 30 2015 - 7:30am | #0
In: Venezuela News

    TODAY VENEZUELA – There are no bursts of colour as fireworks pop high above the Bulevar de Sabana Grande. Only thin wisps of smoke in the azure sky mark the precise time, two years ago, that Hugo Chavez died suddenly, from cancer. It is 4:25 p.m., and Venezuelans are taking stock of an economy in meltdown. “I don’t feel good at all,” one man grouses. “It’s terrible. This is total chaos,” a student adds. Even once-ardent supporters of the charismatic leader are growing restive with life under his hand-picked successor, President Nicolas Maduro. For years, Venezuela was a nation on the rise – a founding member of the Organization of Petroleum Exporting Countries more than 50 years ago. Decades later, Mr. Chavez...


Costa Rica Removes Ambassador to Venezuela

TODAY VENEZUELA – Costa Rican President Luis Guillermo Solís said his government did not endorse the remarks of Ambassador to Venezuela Federico Picado, who expressed opinions about the internal political affairs of the South American nation. According to Picado, the shortages of staples in Venezuela are caused by “political factors” seeking to...

Posted on: Mar 27 2015 - 7:31am | #0
In: Venezuela News