wnol.info May 20 2018

Venezuelan Opposition Threatens Goldman Sachs over $2.8bn Bond Deal

May 20 2018, 05:34 | Irvin Gilbert

Venezuelan Opposition Threatens Goldman Sachs over $2.8bn Bond Deal

Venezuelan Opposition Threatens Goldman Sachs over $2.8bn Bond Deal

A small group of protesters gathered outside Goldman's Manhattan headquarters on Tuesday holding signs referring to Venezuelan President Nicolás Maduro that said "Goldman Sachs Supports Maduro's Dictatorship".

Venezuela has been rocked over the last two months by widespread protests against Maduro's government that have left at least 60 people dead. Venezuela likely will be alone among the 34 member states to go unrepresented. But Nicaragua and Bolivia are resisting and accusing the OAS of infringing on Venezuela's sovereignty.

Videgaray has been sharply criticized by Maduro's government but has nonetheless pledged to use all diplomatic channels to help reach a peaceful political solution to the bloody crisis in Venezuela. A similar draft position from Antigua and Barbuda also proposed calling for the Constituent Assembly to be suspended, but the country withdrew its proposal during the meeting. His critics fear a redrawn document could interfere with long-overdue elections and other efforts to restore democratic norms.

Maduro has vowed to resolve the crisis by forming a special assembly to rewrite the constitution.

Maduro continues to maintain that the protests are driven by coup-minded opposition leaders and outside powers - foremost the US - seeking to undermine his government. The government must understand that it should listen to the Venezuelan people, ' Capriles said and called on the opposition to rally in front of the Interior Relations Ministry, but past midday no one from the opposition groups had shown up.

"We recognize that the situation is complex and evolving and that Venezuela is in crisis".

Tajani was joined by Julio Borges, president of Venezuela's opposition-led National Assembly.

Goldman Sachs is being heavily criticized for giving Venezuela's government close to a billion dollars.

The Organization of American States is gathering foreign ministers from Western hemisphere countries to "establish a mandate for new diplomatic engagement", according to a senior U.S. State Department official.

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One - submitted by the United States, Mexico, Panama, Peru and Canada - asks the OAS to discourage the Maduro administration from convening the constituent assembly as now devised.

Venezuelan people are on the street defending Nicolas. "This financially and morally reprehensible transaction is the result of a deeply unpopular regime, desperate to retain power and willing to mortgage the future of Venezuela".

A second draft resolution - from the Antigua and Barbuda mission - also opposes the constitutional assembly. Maduro classified the parliament's actions as a coup attempt. Brazilian Foreign Minister Aloysio Nunes Ferreira Filho said in his address that the Venezuelan government must call "free elections", with a "fixed schedule". "It has given support to repression and systematic violations of human rights", said Eduardo Lugo, co-founder of SOS Venezuela New York.

Venezuela's oil-dependent economy, crippled by low oil prices, has been in recession for four years, and now faces shortages of food and medicine, with inflation thought to be about 800%.

Besides the NY demonstrations, another protest is planned for Thursday in Miami, home to a large Venezuelan diaspora who have fled the economic and political turmoil engulfing the country.

"It is apparent Goldman Sachs chose to make a quick buck off the suffering of the Venezuelan people", he added.

Opposition lawmakers said they wanted to investigate intermediaries in the deal.

"What's happening is really a disgrace to humanity", Trump said on May 18.

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