Browse Category: Venezuelan News

David Osio Weighs In On Venezuela’s Debt Problems

The economic and humanitarian problems facing Venezuela have caused major issues for the country, and prompted many nations around the world to open talks with the socialist South American country about how to solve the problems. Davos Investments executive David Osio has recently been giving his opinion about why the crisis in the country has happened, and what can be done to provide some short term relief from the problems facing Venezuela; Osio has become one of the leading experts on how the falling oil prices seen across the world have destroyed the economy of Venezuela in a number of different ways.

David Osio is the CEO of the Davos Investments group, which has been one of the most successful investment company’s in Venezuela over the last decade or so after Osio himself led the company to a successful period of investing. By 2012, the Osio led Davos Investments had around $2.8 billion in assets under its management, with investors often attracted to the promises of financial transparency Davos provides for investors in an area of the world where the economy has suffered more than in many other parts of the world. Success has followed for David Osio and Davos Investments after the company was awarded the Best Offshore Corporate Services Provider in awards offered by Swiss investment experts in 2012.

In terms of the latest problems facing Venezuela, David Osio has spent a large amount of time providing his expert opinion on why Venezuela has found major problems in recent years. Osio has conducted a major investigation of the problems in Venezuela, which he believes have been caused by an over reliance on the oil industry that provided strong returns for Venezuela when the markets were bullish. Venezuela uses oil as around 95 percent of its exports, but the crisis in oil prices that has lingered for the last few years has had a devastating effect on the economy of the country. Despite the problems David Osio has identified in the Venezuelan economy he does believe recovery is possible and can begin by tackling the short term debt problems the Venezuelan government faces; Osio believes recovery can begin with the negotiations already begun about avoiding defaulting on the short and medium term debt Venezuela has with China.

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Venezuelans Protest Food Shortages

Many Venezuelans have now taken to the streets to protest the deplorable conditions found in their country. With the economy crashing and shortages now occurring not only in electricity but basic necessities such as food and water, the situation in Venezuela has reached critical mass. President Nicholas Maduro, who is facing increasing calls to step down by opposition groups who have won control of the parliament, is saying that the opposition wants to overthrow him through a coup.
Maduro’s response to the growing discontent in his country and growing protests is to give a show of force that he is still firmly in control and that the country is not yet in full flung chaos. Unfortunately as seen by Jose Manuel Gonzalez, some of the protests have become violent as angry mobs looking for food clashed with national guardsman, police or the army when food trucks were told to bypass their local supermarkets.

To give you an idea of the dire situation in Venezuela, some people have been without meat for over a month. Some women have been waiting in lines since the early morning at a supermarket, then they were told in the mid afternoon that the market would not open today due to a shortage of food.

“I can only see protests and discontent increasing” says Jose¬†Gonzalez . Maduro, meanwhile is using force to quash any protests or disorder. The economy and energy crisis meanwhile only worsens, leading you to wonder will things get worse before they get better?

Two Relatives of President Maduro are Arrested for Drug-Trafficking

More Venezuelan authorities have been discovered in the trafficking and distribution of drugs than ever before. In the past five years according to My Space, over 100 military and police officials have been found and accused of drug trafficking between their country and the United States, states the prosecutor’s office of Venezuelan. In 2011, America arrested four Venezuelan officials and accused them of being supportive of Colombian rebels dealing narcotics and guns. They were added to the U.S. “kingpin” list.
In November 2015, the arrests got closer to the top of the Venezuela pyramid of power as two relatives of the Venezuelan President, Nicolas Maduro, were arrested by U.S. officials for drug trafficking. The two relatives, Franqui Francisco Flores-de Freitas and Efra√≠n Antonio Campo-Flores are the nephew and stepson of the President’s wife. Expert Diaz Granaos thinks that President Maduro has led a violent pathway to the presidency, and this arrest is one more bullet in his opposer’s gun.

The arrest couldn’t have come at a more strategic point in the President’s attempt to calm the country. The following day, Mr. Maduro was scheduled to make a controversial speech in Geneva at the UN Human Rights Council. The subject of his speech was the hotly-contested local elections, which ignited much anger and political frustration in Caracas.