Coca-Cola to Halt Production in Venezuela

The video discusses Venezuela's economic challenges, focusing on the government's prioritization of international debt payments over commercial debts, leading to reduced local production and import cuts. Social conditions are tense but not explosive, affecting the government's strategy. The impact of oil prices on the economy is also examined, highlighting the need for economic reform.

What is one reason why local companies in Venezuela are scaling back production?

• High local consumer spending

• Abundance of raw materials

• Increased international demand

• Government prioritizing international debt over commercial debts

How has the Venezuelan government responded to its debt obligations in 2016?

• By defaulting on all debts

• By prioritizing imports over debt payments

• By aggressively slashing imports to meet debt commitments

• By increasing local production to boost the economy

What could trigger a change in the Venezuelan government's debt service strategy?

• A decrease in local production

• A rise in oil prices

• Coordinated unrest from the government's base of support

• An increase in international debt

What is the current state of Venezuela's oil basket price, and how does it affect the government?

• It is at 25, providing no relief

• It is at 37, offering some relief compared to earlier

• It is at 50, causing economic strain

• It is at 60, leading to economic prosperity

What has President Nicolas Maduro chosen not to do since taking office in 2013?

• Reduce oil production

• Increase international debt

• Expand social programs

• Implement economic adjustments