Clauses & Controversies
Clauses & Controversies
Mitu Gulati & Mark Weidemaier
Ep 178 - $240 Billion?!
34 minutes Posted Jul 13, 2026 at 12:25 pm.
0:00
34:43
Download MP3
Show notes
$240 Billion?!
Venezuela's debt is purportedly $240 billion, larger than previous estimates by far. What gives? Is this a way to signal to investors that they should be prepared to take larger-than-expected haircuts? Or, maybe more likely, a signal that favored creditors — insiders? oil majors? — will have their claims inflated and thus can expect outsized recoveries? We probably won't know until the IMF completes its usual rigorous assessment of the country's debt and debt sustainability. Oh, wait...
Producer: Leanna Doty