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Venezuelan President: Minimum Acceptable Debt Reduction 40% In Talks With Private Banks

LADB Article ID: 072512
Category/Department: General
Date: Tuesday, July 4, 1989
By: John Neagle

On June 29, President Carlos Andres Perez told reporters that Venezuela will "never" accept a debt reduction scheme from commercial creditors of less than 40%. He said, "To the present, the maximum offer made to reduce the debt made by the forei...

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