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Venezuelan debt plunges, default horizon is hazy

NEW YORK (Reuters) – Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation’s cash flow, compounding already weak economic conditions.

Markets are gearing up for a default, but some analysts, investors and economists point out the government has options to delay such a day of reckoning. President Nicolas Maduro insists the government will make all payments and has never missed one to its foreign creditors.

Dec 9, 2014
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    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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