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Viewsroom

Venezuela’s downward spiral

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 3 August 2017

⏱️ 18 minutes

🧾️ Download transcript

Summary

Questionable elections for a rubber-stamping new assembly may give President Nicolas Maduro more power. But the country’s people, economy - and some U.S. companies - will suffer. Also: Sprint, under a ton of debt yet overvalued, weighs its M&A options. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Something unexpected has arrived in Happy Meal.

0:03.0

Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab.

0:08.0

Joining your little ones on a fun-fueled adventure.

0:11.0

Some fun, some food, it's all inside this Happy Meal.

0:16.0

Until the 2nd of February from 11am includes one pre-selected book or toy whilst it's last.

0:20.0

The views expressed on this podcast are those of the participants, not of Reuters' news.

0:31.3

Venezuela's emerging dictatorship will worsen the country's economic woes,

0:39.4

with some US casualties thrown in.

0:42.6

And how has Sprint managed to become such a hot merger target,

0:46.3

despite poor earnings, lots of debt and a sky-high price tag?

0:49.8

These are the issues we'll be tackling in this week's Views Room,

0:52.6

a weekly conversation among breaking views columnists about the ups and downs of the world of finance.

0:55.5

I'm Anthony Curry and my co-host is Jennifer Saber. Hi, Jen.

0:58.4

Hello.

0:59.2

So Venezuela is plunging further into chaos.

1:02.0

On Sunday, the country held elections for a controversial new assembly that would cement President Nicholas Maduro's hold on power.

1:09.0

The results have already been questioned and Maduro has arrested

1:11.7

two prominent opposition leaders. This will weaken its already brittle, oil dependent economy.

1:18.5

Joining us to discuss the latest developments, we have Martin Langfield here with us in the studio.

1:22.7

Hi, Martin. Hello. And from our office in D.C., Anastasia Chacon. Hi, Anastasia. Welcome back to the show. Hi, thanks for having me again. So, Martin, let's, I suppose that, I mean, let's start with a big question. How do we get to the point where we have an election being questioned and an assembly being voted on that would effectively make Maduro a dictatorship? I mean, we didn't even see this kind of thing under Chavez, did we?

1:45.2

Well, this is kind of a parody of something that Obo Chavez did. He also called a constituent

1:50.8

assembly in his time, but this is kind of a far less convincing version of even that.

...

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