Noticias

VENEZUELA BLAMES TRUMP AS IT NEARS POSSIBLE BANKRUPTCY UNDER MADURO

http://www.newsweek.com/venezuela-going-bankrupt-maduro-administration-blames-trump-debt-crisis-694250

Venezuela is one of the world’s largest exporters of oil and has the world’s largest proven oil reserves at an estimated 296.5 billion barrels (20% of global reserves) as of 2012.Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC).

Being not able to pay its debt would heavily impact their market. Moreover the Venezuelan government is already going through a crisis. With a debt over billions it would be difficult for the already crippling Venezuelan administration. If  they decide to pay their debt instead they would end up making the citizen of the nation suffer. “But such payment in the coming days will come at the expense of money allotted to purchase food and other basic needs for the nation’s impoverished citizens.” as said in the article.

Blaming President Trump the Venezuelan President said “We are starting an era where the dictatorship of the ‘dollar boss’ will not be imposed and we’re ridding ourselves from this supposed threat of Trump,”.

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