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.

President Delcy Rodríguez has stabilized the home front while reopening the country’s oil industry to American capital at a rapid rate.

But…