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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