Category Archives: Venezuela

#Venezuela’s Foreign Minister gets schooled by the Chilean Foreign Minister at the #OAS


#Venezuela’s Foreign Minister gets schooled by the Chilean Foreign Minister at the #OAS.

From June 2018, but as valid today as it was last summer.

Tells #Arreaza that given the way he speaks of the Organization of American States and to the Ambassadors & Diplomats present-with insults, personal attacks and disqualifications, and never listening to others-, shows how he perfectly represents the #Maduro government and its (mis)treatment of the citizens of Venezuela.

Sudden Plunge in #Venezuela Reserves Alarms Creditors @Business


BofA estimated Venezuela had $77bn of assets available for sale or securitization at the end of the first quarter, down from $81 billion in 2014.

Venezuela’s reserves are dwindling after the price of oil, which accounts for 95 percent of the nation’s export revenue, fell 44 percent in the past year. Traders now see a 44 percent chance the country will default in the next year, the highest in the world and up from 34 percent a month ago.

Facing an ever-worsening shortage of hard currency, President Nicolas Maduro has pulled an average of $65 million a day from central bank reserves since the end of March.

Read the whole article online on Bloomberg here:  The Sudden Plunge in Venezuela Dollar Reserves Alarms Creditors – Bloomberg Business

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Syria: Al Assad Reportedly Considering Seeking Asylum In Latin America – Stratfor


Syria: Al Assad Reportedly Considering Seeking Asylum In Latin America

December 5, 2012 | 1416 GMT
Syrian President Bashar al Assad is considering seeking political asylum in Latin America for himself, his family and his associates if forced to flee Damascus, an unnamed source in Caracas said Dec. 5, Haaretz reported. Syrian Deputy Foreign Minister Faisal al-Miqdad held meetings in Cuba, Venezuela and Ecuador over the past week and delivered classified personal letters from al Assad to local leaders, the source said.