Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
Venezuela’s dealing with a double whammy as far as oil prices are concerned. Oil, whose price has halved in the past year, accounts for 95 percent of the country’s exports and 45 percent of the government’s budget. Oil is the primary source for the U.S. dollars needed to sustain the country’s severe import dependence and external debt. Traders put the odds of default within the next five years at 91 percent.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.