GREY:GUYFF - Post by User
Post by
yu20on Oct 25, 2015 8:44am
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Post# 24224591
Venezuela economy
Venezuela economy "There is nothing good to say about the state of Venezuela’s economy, and this isn’t helping, as tumbling prices for Venezuela’s oil are threatening to choke off funds needed to pay debt.. and that is clear from the collapse of bond prices. The government desperately needs a rise in oil prices, but Saudi Arabia has so far rebuffed calls for an emergency meeting as it pursues a strategy of waiting out higher cost competitors. OPEC does not plan on meeting until Nov. 27. That is an eternity for a country that is beginning to unravel.
https://www.philstockworld.com/2014/10/16/falling-oil-prices-could-push-venezuela-over-the-edge/?gclid=CPOV5N-n1cgCFQINaQodDVoK0Q
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