Stop the Wars at Home and Abroad!

Venezuela crisis intensifies with default

by Wayne Delucca. originally published on Socialist Action Credit agency Standard & Poor has ruled Venezuela in default after the country missed $237 million in scheduled bond payments. This comes amidst an economic crisis with official inflation around 4000% and price increases well over 1000%. President Nicolás Maduro’s attempt to restructure is hindered by sanctions that stop U.S. banks from[…]

Read more