All about Crisis

Venezuelan socialism
By Edition On Friday, November 17th, 2017
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Venezuelan crisis threatens Curaçao and Aruba

WILLEMSTAD - Venezuela is about to collapse and that threatens to hit Aruba and especially Curaçao hard. Both islands are firmly committed to the oil industry, which in turn is heavily dependent on the country More...

default
By Edition On Wednesday, November 15th, 2017
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Venezuela overdue on hundreds of millions in loan payments, and more defaulting on the horizon

CARACAS - There are troubling signs that Venezuela’s economic crisis is worsening, with international credit ratings agency Standard & Poor’s (S&P) revealing that the country had failed to pay its foreign More...

Maduro12
By Edition On Monday, November 13th, 2017
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EU adopts sanctions against Venezuela

BRUSSELS -  The European Union is banning arms sales to Venezuela and setting up a system for asset freezes and travel restrictions on some Venezuelan officials to ramp up pressure on President Nicolas Maduro. The More...

oil refinery
By Edition On Wednesday, November 8th, 2017
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Moody’s downgrades PDVSA as Venezuela default looms

CARACAS, WILLEMSTAD - Moody’s Investors Service has downgraded Venezuelan state oil company PDVSA amid mounting speculation of an imminent corporate default. Moody’s lowered PDVSA’s bond credit ratings to More...

Maduro-New-Bill
By Edition On Thursday, November 2nd, 2017
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Venezuela’s economy is so broken its new highest-value bill is worth just 2 U.S. dollars

CARACAS - The Venezuelan regime can’t hide the utter failure and inefficiency of its economic policies. It has now introduced a new bill of 100,000 bolivars, but to try to disguise the rampant hyperinflation More...

PDVSA
By Edition On Wednesday, November 1st, 2017
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Venezuela PDVSA bondholders to receive late payment by Thursday

CARACAS - Holders of one of Venezuelan state oil company PDVSA’s distressed bonds will by Thursday receive an amortization payment that was due last week, according to a message from U.S. trust company DTC seen More...

Venezuela-oppositie-Gunaipa
By Edition On Tuesday, October 31st, 2017
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Venezuela’s opposition suffers ‘deep political crisis’

CARACAS - Venezuela’s opposition is facing a “deep political crisis”, analysts say, as fractures within the coalition have emerged following the surprise loss in this month’s regional elections. Four out More...

PDVSA
By Edition On Thursday, October 26th, 2017
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PDVSA: Venezuela’s cash crunch means waiting five months to get paid

HOUSTON - Off of Curacao, a huge tanker has been bobbing in the water with its cargo of crude oil for five months waiting to get paid -- the latest sign that Venezuela’s cash crunch could get a lot worse as more More...

Maduro-Venezuela-1
By Edition On Wednesday, October 18th, 2017
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Venezuela’s Nicolas Maduro defends Sunday’s vote

CARACAS - President Nicolas Maduro defended Venezuela’s recent gubernatorial results amid accusations of fraud and other voting irregularities from opposition leaders. “[On Sunday] we made a feat, the sons More...

Quincy-Girigorie
By Edition On Wednesday, October 18th, 2017
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Number of refugees decreasing

WILLEMSTAD - The number of illegal immigrants trying to get on land has decreased compared to last year. This is according to the Minister of Justice Quincy Girigorie. His statement is striking: Minister Plasterk More...