Venezuela Seeks Debt Relief, While Confusing Its Bondholders – Bloomberg

On Thursday, at a raucous gathering of loyal supporters in Caracas, President Nicolas Maduro made official what the bond market had been anticipating for years: cash-strapped Venezuela is going to seek debt relief. Blaming the financial sanctions imposed by the U.S. government — and its lackeys in the Venezuelan opposition who lobbied for such measures — Maduro said that a…