Venezuela meets cred­i­tors as debt de­fault looms

The New Indian Express - - WORLD -

Venezuela hosted a meet­ing of cred­i­tors on Mon­day as the strug­gling yet oil-rich coun­try sought to stave off a de­fault seen as in­evitable by ex­perts, while the EU stepped up the pres­sure with new sanc­tions on Cara­cas. Ma­jor credit rat­ing agen­cies say that de­fault on Venezuela’s debt pile — es­ti­mated at $150 bil­lion — will hap­pen, though they don’t know pre­cisely when.

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