Venezuela Default Imminent?

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The Time Has Come: Venezuela May Be In Default In Under 48 Hours


This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming "technical glitches" when in reality it simply did not have the money (or wish to part with it). Adding the $349 million in unpaid bond interest accumulated over the past month as of last Friday, that brings Caracas' unpaid bills to $586 million this month, just days before the nation must make a critical principal payment.
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The Time Has Come: Venezuela May Be In Default In Under 48 Hours | Zero Hedge
 
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