Economics
Wall Street's Venezuela Bet Rests in Hands of These Seven People
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Venezuela bond investors had a rough 2017, with their holdings posting the world’s worst losses amid economic and political turmoil that culminated in U.S. sanctions against the country and President Nicolas Maduro’s plan to restructure the debt.
As 2018 gets underway with the government and its state oil company behind on more than $1.5 billion of payments, creditors are wondering what’s in store for them as an additional $9 billion comes due over the next 12 months.