Venezuela close to the brink.

Venezuela had voted for a communist as El Presidente. As a consequence, the country faces economic ruin. You can find some details here:


http://www.ft.com/cms/s/0/204fc996-c8d5-11e5-a8ef-ea66e967dd44.html#ixzz3zCUgtsKY


The last two years, the country's economy shrank by 15% and its printing press is the only thing that keeps it afloat. Not for long though. Agriculture is a shambles and we see the shortages typical of a Communist country. When Venezuela defaults, it will have resinous financial repercussions.