Prediction Coming True: Venezuelan Default Leading to Eventual Collapse
Venezuela officially declared in default due to the Issuer’s failure to pay interest on the Notes when due on October 10, 2017, which constitutes a Default under the Indenture. The Paying Agent has further notified the Trustee that the interest payment was not received by November 9, 2017.
Below is an excerpt of the mundane prediction on Venezuela from the Geodetic Forecast Webinar, recorded live April 2, 2017:
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