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Venezuela meets creditors in bid to dodge default

Reuters  |  CARACAS 

By Brian Ellsworth and Corina PonsCARACAS (Reuters) - Venezuela opens talks with creditors on Monday to renegotiate a crippling debt that has left citizens sifting through garbage for food, as the once-prosperous OPEC nation seeks to avert a default that would plunge its economy into deeper crisis.President Nicolas Maduro's government has summoned to Caracas investors who hold some $60 billion in junk bonds in a desperate bid to shore up public finances squeezed by the unraveling socialist economy.Big investors said they largely planned to skip the meeting because of concerns about U.S. ...

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First Published: Mon, November 13 2017. 20:29 IST