Earlier this month two Harvard-based Venezuelan economists, Ricardo Hausmann and Miguel Angel Santos, caused a stir by criticising the government’s decision to keep paying bondholders religiously while running up billions in arrears to suppliers of food, medicine and other vital supplies. “To default on 30m Venezuelans rather than on Wall Street is a signal of [the government’s] moral bankruptcy.” President Nicolás Maduro branded Mr Hausmann a “financial hitman” and threatened him with prosecution.
Posted on: Sun, 21 Sep 2014 23:05:43 +0000
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