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Venezuela to meet creditors in bid to dodge default

Reuters  |  CARACAS 

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

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First Published: Mon, November 13 2017. 18:17 IST