David Smilde on WBEZ Worldview

WOLA Senior Fellow David Smilde was interviewed on WBEZ Worldview in the aftermath of the controversial Venezuelan Supreme Court (TSJ) rulings last week. As he notes, the move has its roots in the fact that the Maduro government is “strapped for cash” and looking for ways to pay bondholders. The subsequent partial revision of the TSJ rulings, as Smilde points out, leaves in place language that usurps the National Assembly’s constitutionally-mandated authority to review and approve deals regarding PDVSA, the state-run oil company. Listen to the full interview here.