Venezuela’s Debt Overhaul Faces New Controversy

When the US removed Nicolás Maduro from power in Venezuela, the expectation was collapse. It has not come. The removal of a long-serving head of state is almost always followed by economic chaos.

Following the removal of Saddam Hussein, Iraq’s oil production fell by 36%, and its economy shrank by almost a quarter. But Venezuela, against considerable odds, has avoided that fate.