How Likely Is a Venezuela Default?

The video discusses the financial instability of Venezuela, focusing on the likelihood of a default due to falling oil prices and limited foreign reserves. It highlights the significant debt owed by the government and its state-owned oil company, which equals 100% of the country's reserves. The cost to insure Venezuelan debt has surged, indicating a high probability of default within a year. Credit default swap prices suggest a 94% chance of default by 2019, reflecting investor concerns.

How much did the cost to insure Venezuelan debt against non-payment surge to on Friday?

What was the increase in the cost of insuring Venezuelan debt in December alone?

What is the probability of a default by December next year according to the text?

What do the swap prices indicate about the chance of default by 2019?

What does the lower chart in the text represent?