NEW YORK, Dec 19 (Reuters) – The historic breakthrough in
U.S.-Cuba relations closes a Cold War chapter but leaves
unresolved issues that investors need to pick through carefully,
with Cuba’s opaque economics and financial health poorly
understood in world markets.
Cuba has effectively been shut out of global financial
markets for decades. But the detritus of its defaulted debt and
unrestructured loans from decades past has been traded among a
small cadre of risk takers on hopes for a resolution.