The moral maze of getting rich on Venezuela debt

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The moral maze of getting rich on Venezuela debt

Nicolas Maduro
Venezuela's President Nicolas Maduro holds up a small copy on the constitution during a meeting with leaders of the opposition at Miraflores presidential palace in Caracas, Venezuela, Thursday, April 10, 2014. Maduro's opponents blame his government for destroying the oil-rich economy and stamping out dissent. Meanwhile Maduro claims he's the target of U.S.-backed coup attempt. (AP Photo/Fernando Llano) | Fernando Llano/AP/Press Association Images

Venezuela’s bond market access is already negligible. If market participants want to take a moral position, they need to think about more than just new issues.

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