Venezuela's bond payments of nearly $5 billion are due in October, but sinking oil prices aren't helping; analysts predict a default could well happen. Meanwhile, Venezuelans are facing inflation at 275 percent and consumer prices are expected to increase 152 percent in 2016. Greylock Capital's Jose Ferro, Moody's Jaime Reusche, and head of AS/COA's Venezuela Working Group Guillermo Zubillaga comment on the possibility of a future credit event.
Learn more about Venezuela's economy:
- AS/COA Venezuela Working Group
- Latin America in Focus: Moody's Jaime Reusche on a Venezuelan Default
- The Main Idea: Venezuela on the Verge of Default
- Video: Will Venezuela Default?
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