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Venezuela, the "help" of Goldman Sachs

The investment bank bought at a 69% discount bonds that were held by the Venezuelan central bank for 2,8 billion dollars, predicting that the country's situation could improve - It is a highly speculative bet from which Goldman hopes to make a lot of money – Opposition to Maduro denounces the purchase of "blood-stained bonds"

Venezuela, the "help" of Goldman Sachs

It will also be true that money has no political color but the operation launched by Goldman Sachs iVenezuela is one of those destined to be discussed, especially at a time when the Maduro regime is plunging the South American country into civil war and a ferocious dictatorship.

According to reports from Il Sole 24 Ore, the American investment bank bought – with a 69% discount – bonds from PDVSA (the country's oil giant) which were in the hands of the Venezuelan central bank for a total of 2,8 billion of dollars that give oxygen to the Maduro regime. Especially since Goldman Sachs then bought other bonds issued by Venezuela for another 700 million.

"They are bloodstained bonds" accuses the Venezuelan opposition to Maduro. Goldman Sachs defends itself by arguing that it has bet on Venezuela because it thinks the situation is bound to improve but it is clear that its only aim is to make a lot of money on the wave of speculation. It is his job but the political effect of the Goldman Sachs operation is not neutral and is politically censurable.

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