The moral minefield of Venezuela’s bonds

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The moral minefield of Venezuela’s bonds

Venezuela, Diosdado Cabello, PDVSA, LatAm
Diosdado Cabello, a prominent politician close to the Venezuelan government, in the general attorney's office in Caracas, Venezuela, 16 August 2017. Cabello handed in documents providing grounds for the opening of an investigation of a number of judicial officers. Cabello also argued for an investigation of the parliamentarian Ferrer, the husband of the recently dismissed general attorney Ortega. Photo: Rayner Pena/dpa | Rayner Pena/DPA/PA Images

Credit Suisse’s decision to ban trading in certain Venezuelan bonds is understandable, but ultimately raises more questions than it answers.

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