Several years ago, Venezuela ran a tourism campaign under the slogan “a country to love”. Promoters had in mind the country’s delicious climate, beautiful beaches, traditions of good cuisine and affable people.
Recently, however, the socialist country dropped the slogan, a change perhaps reflecting how Venezuela – with its accelerating inflation, shortages of basic goods, and escalating crime rates – is no longer a place visitors would obviously love, but rather one they struggle increasingly to understand.
One of the hardest questions foreign investors have to get their heads round is the following: Is Venezuela about to default?
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