Venezuelan debt bonds soar in world markets
The recent announcement made by Venezuelan President Hugo Chávez about a new surgery has made an impact on stock markets
Venezuelan debt bonds surged on Monday in global markets following the news given last Saturday by President Hugo Chávez of a new surgery in Havana, according to financial sources.
At midday, the value of securities had rebounded from three to five points, on average. Global bonds, such as those of state-run oil company Petróleos de Venezuela (Pdvsa), had been on the rise in the morning.
The notes performance is linked with the president's choice of his Vice-President and Foreign Minister Nicolás Maduro as his successor if unable to take on a new term in office beginning on January 10, 2013.
José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."