CLEAN : Venezuela teeters on brink of default

The video discusses Venezuela's economic crisis, highlighting its rich natural resources and the impact of decades of populist policies under Presidents Chavez and Maduro. It compares Venezuela's situation to Zimbabwe's economic collapse due to similar policies. The video also examines the role of international sanctions and support from Russia and China in Venezuela's financial struggles, leading to its eventual default.

What factors contributed to Venezuela's economic decline?

How did the economic policies under President Chavez and President Maduro impact Venezuela?

What role did international sanctions play in Venezuela's economic situation?

What lessons can be learned from the economic situation in Venezuela and its comparison to Zimbabwe?

In what ways did the willingness of Russia and China to finance Venezuela affect its economy?