Venezuela’s Bondholder Meeting Is a Bust as S&P Declares Default – Bloomberg

KW: Remember this is a country sanctioned by the U.S. for political/ideological reasons and now all this discussion is about the obvious, the sanctions have worked and the country is bankrupt so stop crying about the defaults on the money you lent them. The video is a sickening indictment of the manipulation of this South American country.

Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed payments by the state oil company prompting a fresh selloff in the nation’s bonds.

Source: Venezuela’s Bondholder Meeting Is a Bust as S&P Declares Default – Bloomberg

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