- Diego Ferro, Co-Chief Investment Officer, Greylock Capital
- Jaime Reusche, Vice President and Senior Analyst, Sovereign Risk Group, Moody’s Investors Services
- Martin Schubert, CEO, European InterAmerican Finance
- Katia Porzecanski, Emerging Markets, Americas, Bloomberg News (moderator)
Venezuela has shown a "surreal" willingness to pay, said Greylock's Diego Ferro, but it will run out of money and inevitably default. On the other hand, the country's medium-term forecast is not so bleak, given that oil prices are expected to rise, said Martin Schubert of European InterAmerican Finance. The experts compared Venezuela's situation to Argentina's past defaults, considered the implications of a regime change, and debated the risks of buying or selling bonds for Venezuela's state-owned oil company.
Learn about our Venezuela Working Group at as-coa.org/venezuela.