PDVSA and the Abyss
A spectre is haunting Venezuela, the spectre of PDVSA bankruptcy.
Quico Toro is the founder of Caracas Chronicles.
A spectre is haunting Venezuela, the spectre of PDVSA bankruptcy.
In a tortured ruling that directly contradicts the plain meaning of the constitutional text, the Supreme Tribunal railroads Luis Salas's Economic Emergency Decree into force.
Madurismo isn't just chavismo-with-low-oil-prices. Madurismo is the victory of the arbitrageur kleptolobby over the rest of the revolutionary coalition.
As Goodyear more or less writes off its entire Venezuela operation, people find it impossible to replace a simple flat.
Nicholas Casey's chronicle of his first month in Venezuela as a New York Times correspondent is pretty intense.
So what were the chances that an organization named El Sistema would turn out to have some creepy, cultish undertones? Fairly high, huh?
As mass-scale hunger begins to stalk the Venezuelan public sphere, the moral dimension of lending to a crazy regime comes into sharper and sharper focus.
The Economist’s Bello column (on Latin America) this week pivots from hair-raising oumaigá to disarming simplicity in a few paragraphs, ending with this: Most in the opposition and...
Have you ever tried to explain Cadivi to a busy editor rushing to beat a deadline?
Venezuela is now importing 100 bolivar bills by the planeload: more banknotes, actually, than the whole of the European Union needs.
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