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The weird thing is that Maduro has so far refused to default out of some sense of pride. The bond market has already priced in the inevitable default.
by guelo 10y ago
The weird thing is that Maduro has so far refused to default out of some sense of pride. The bond market has already priced in the inevitable default.
- pavlov 10y agoThere was speculation that a substantial amount of the national debt is actually held by regime insiders, who benefit enormously from the high interest rates. A default would stop that racket. I can't remember where I read that, so take it for idle speculation.
- deleted 10y ago[deleted]