Assessments

Venezuela's Expensive Friendships

Jan 2, 2016 | 14:03 GMT
Venezuela's President Nicolas Maduro (C) addresses supporters in Caracas on Dec. 15.
(FEDERICO PARRA/AFP/Getty Images)

When Venezuela's government forged an energy discount deal with Cuba 15 years ago, its government was eager to solidify ties with a leftist ally. In the ensuing decade it also inked oil-for-loans deals with China that helped avert default. But energy prices have fallen, Caracas is running out of funds, and everyone knows that Chinese financing is not a long-term solution. At some point Venezuela is in for a financial reckoning. The question is, just how much of its post-Chavez foreign policy will survive the debt restructuring process?...

For Serious People Who Seek Intelligence Over News

Subscribe and Save 50% Today!

12-Month Introductory Offer.

  • High quality, unbiased analysis of global events
  • Quarterly, annual, and decade geopolitical forecasts
  • Customized notifications, newsletters, and much more

Preview Some FREE Worldview Articles Below:

Free Coronavirus Articles

Free Geopolitical Articles

Connected Content

Regions & Countries

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.