Harvard Adviser to Venezuela’s Guaido Has Harsh Message for Bondholders
- Ricardo Hausmann has sketched out Venezuela reconstrucion plan
- One thing is clear, he says: ‘The haircut has to be large’
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For years now, Ricardo Hausmann, the acclaimed Venezuelan economist who runs Harvard University’s Center for International Development, has been sketching out what he calls the morning-after plan. The morning after, that is, the socialist regime of Nicolas Maduro is ousted.
That moment appears closer today than it has ever been, with much of the international community backing the young legislator Juan Guaido’s claim to the presidency. So Hausmann may soon find himself in a position to carry out -- or at least lobby for -- his vision for a recovery plan for the economically ravaged nation. He says he and Guaido have been talking regularly and that he’s serving as an informal adviser.