(Piero Stewart, Energy Analytics Institute, 20.May.2017) – Petroleum production below historic average levels, economic distortions on all fronts, the problem with Venezuela, which is clear for the financial markets, is the liquidity crisis, according to an economist in Caracas.
“The Venezuela debt is considered one of the most attractive for those willing to assume the risk, said Peruvian Economist José Gonzáles during an interview broadcast by Globovision. As they say in the financial markets, “the Venezuelan debt is not for the weak of heart.” The Venezuelan bonds are very attractive but also very volatile, he said. The returns on the Venezuelan bonds [are demonstrating to some extent] — because the perception continues to be that the payment conditions are critical in terms of liquidity and if this economic situation continues — that it could led to insolvency, said Gonzáles.
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