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No, they are betting for either the government to survive, or the new government to honour its previous debts.

• conanbatt 9y ago
  I would find it hard to believe that GSachas believes that this government will have an economic recovery. Specially considering the maturity of the debt, its surely a bet that the next government will honor the debt. But that is pretty terrible for the next government, that today would like no new debt to be issues, since it will all be spent today against them, and they will have to pay it in the future.
  • jevgeni 9y ago
    It is a difficult situation, but then again, revolutions are tough. I'm not sure about this debt package, but I'm betting this was issued by the Venezuelan government to fund some real assets, like oil rigs or whatever. If that's the case, then the capital is still there, one just must make sure it generates profits. A worse situation would be if the gov't loaned out the money, put it in suitcases and ef'ed off.
    • conanbatt 9y ago
      The latter is what happens on an unstable government that thinks its going down. Poeple scramble to get the last piece and get out. IT might not happen with this, but it might and being south american, its likely.
      • jevgeni 9y ago
        This might happen, if the government can issue the debt immediately. That's highly unlikely in an unstable situation like in Venezuela. I couldn't find anything in the article, but I bet the debt was issued way before the unrest began. If there was any embezlement, it had to be way earlier.
        • conanbatt 9y ago
          The article mentions that the sellers were a government group, and the payment got to government accounts, if i read correctly.