Venezuela's Plan A Not Expected To Work, And Without A Strong Plan B, "Messy Debt Default" Expected

There is a “Plan A” for the oil-rich nation of Venezuela in its $60 billion debt restructuring.  But odds are the socialist nation, which once attempted to force private companies to produce goods at a loss to keep down inflation, is on the road to a “messy” debt default, according to Deutsche Bank analysis.

[klarman]

The Venezuelan government didn’t believe free market powers and supply and demand constraints existed, and now it pays the price

“A lot has happened in Venezuela recently,” Analyst Hongtao Jiang writes in a November 21 report and trade recommendation.

The...