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Seeking to dodge default, Venezuela hosts creditors

Reuters  |  CARACAS 

By Brian Ellsworth and Deisy BuitragoCARACAS (Reuters) - Venezuela's socialist government welcomed scores of creditors on Monday for talks intended to renegotiate a crippling foreign debt and avert a default that could compound the once-prosperous OPEC nation's economic crisis.About 100 investors - including some bondholders from New York, and lawyers and representatives for others - gathered at the ornate "White Palace" opposite President Nicolas Maduro's office in downtown Caracas for the afternoon meeting.His chief negotiators Vice President Tareck El Aissami and Economy Minister Simon ...

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First Published: Tue, November 14 2017. 01:10 IST