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Latin American Economy & Business - January 2015 (ISSN 1741-7430)

VENEZUELA: Storm clouds over Caracas

This year will be challenging for Venezuela, to put it mildly. Here we assess the likelihood of the country defaulting on its foreign debt payments. Asking whether there will or won’t be a default is a simple question, but coming up with an answer is rather more complex. A default is probable, but not certain: there is also a ‘muddle through’ option.

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