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A petrostate’s path back from the debt brink


15 November 2017 03:38

AThe country with the world’s largest proven oil reserves was declared to be in a debt default by Standard & Poor’s this week. Like many petrostates, once-rich Venezuela has squandered its natural wealth, mainly by a poverty of democracy. To fix the debt crisis will now require that its socialist dictator, President Nicolás Maduro, return the country to democratic ideals, starting with a presidential election slated for next year.
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A petrostate’s path back from the debt brink. This article is published at 15 November 2017 03:38 from Yahoo International news, click on the read full article link below to see further details.


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