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Venezuela—finally and officially—defaulted on its bonds

John Detrixhe
Venezuela—finally and officially—defaulted on its bonds

For a country whose people are running short on food and medicine, Venezuela has kept a surprisingly good record of paying its debts on time. But this week, one of the country’s last vestiges of normalcy was erased when credit rating firm Standard & Poor’s said the country was in default. Though it has teetered…