Venezuela spreads widen after president replaces key minister

Wednesday, September 03, 2014

Credit default swap spreads on Venezuela moved out sharply yesterday after president Nicolás Maduro replaced Rafael Ramírez as energy minister

TAGS: Emerging markets

Comment by: Anonymous. Posted 9 years ago [2014-09-04 02:13:32]

Maduro did Ramirez a favor. Would YOU want to lead the pitch to sell Venezuelan sovereign debt?! What would you say? "You can trust us?" "We know how to run an economy?" "It's not like we're an oil producing country but can't keep our own lights on?"

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