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Weekly Report - 07 July 2016 (WR-16-26)

VENEZUELA: To default or not to default?

The latest figures for Venezuela’s state oil company Petróleos de Venezuela (Pdvsa) were as bad as expected, and with international oil prices trending back down again after the shock decision by voters in the United Kingdom to leave the European Union in a referendum on 23 June, whispers about an inevitable default have got louder again.

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