Thursday, September 3, 2015

China strengthens ties to cash-strapped Venezuela with $5 billion loan

China strengthens ties to cash-strapped Venezuela with $5 billion loan

In the olden days of Latin American financial turmoil, the emergency creditors at the International Monetary Fund and the World Bank insisted on tying strings to their money. They were wary of pouring fresh cash into a lost cause. They wanted "structural adjustments," meaning belt-tightening austerity measures. Curiously, that is not what happened this week […]











Source: http://feeds.washingtonpost.com/c/34656/f/636535/s/498c3a0a/sc/24/l/0L0Swashingtonpost0N0Cblogs0Cworldviews0Cwp0C20A150C0A90C0A30Cchina0Estrengthens0Eties0Eto0Ecash0Estrapped0Evenezuela0Ewith0E50Ebillion0Eloan0C/story01.htm

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