Venezuela's Plan A Not Expected To Work, And Without A Strong Plan B, "Messy Debt Default" Expected – ValueWalk Premium

Venezuela's Plan A Not Expected To Work, And Without A Strong Plan B, "Messy Debt Default" Expected

There is a “Plan A” for the oil-rich nation of Venezuela in its $60 billion debt restructuring.  But odds are the socialist nation, which once attempted to force private companies to produce goods at a loss to keep down inflation, is on the road to a “messy” debt default, according to Deutsche Bank analysis.

The Venezuelan government didn't believe free market powers and supply and demand constraints existed, and now it pays the price
A . . .

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