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Venezuela: chronicle of a disaster foretold


The country holds the largest oil reserves in the world, but shelves in stores are empty. The population is hungry. The fall in oil prices revealed the disastrous state of the nation's finances following Chávez's experiment. A default could be a matter of time.

The country holds the largest oil reserves in the world, but shelves in stores are empty. The population is hungry. The fall in oil prices revealed the disastrous state of the nation’s finances following Chávez’s experiment. A default could be a matter of time.

 

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