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The most complicated debt restructuring in history

Subscribe to AlphachatRadioPublicSpotifyacastStitcheriTunes Venezuela's humanitarian and economic catastrophe is getting worse. The political situation remains fraught, and President Maduro's grip on power does not appear to be loosening as quickly as many Venezuelans and the US, which backed opposition leader Juan Guaidó would like. At the same time, however, discussion are already taking place across financial capitals around the world about what happens to the roughly 0bn of debt the countr and its state-owned oil company owe not only to institutional investors and corporations, but also China and Russia — among others.Many creditors have banded together into groups, and some hedge funds have even flocked to the courthouse to file lawsuits.This week, Alphaville sat down with Odette

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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