News Details
Kate Walker: The broke funding the broke…
It is no stretch of the imagination to say that the Venezuelan economy has seen better days.Last year saw violent fights over shortages of food and basic commodities in cities around the country, while escalating inflation only exacerbated the situation. This year, prices are continuing to climb with a staggering rate of inflation of 56.2 percent.The picture is no prettier for the government: since 2012, Venezuela's gold and foreign currency reserves have plummeted by one-third, and the country holds only $2 billion in liquid assets. The country is running perilously close to insolvency, and its burden of debt is becoming insurmountable. According to The Economist, “the country's arrears...
Full Story »
Full Story »
You May Also Be Interested In...
Honda to fill financial void at McLaren?
Honda will fill any financial void at McLaren, after the great British...
11y ago from GrandPrix.com
Latest F1 cars 'a mind-blowing display of innovation'
Mercedes motorsport boss Toto Wolff says he feels the latest generation...
11y ago from Crash.net
Mercedes warn McLaren relationship will change
Mercedes chairman Toto Wolff has warned McLaren that it can expect a...
11y ago from TheF1Times.com
Skill should be rewarded Lowdon
Marussia sporting director Graeme Lowdon thinks Formula One needs to...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu: I may fail to get my first MotoGP...
No description available...
10h ago from Motorsport.com
Rival MotoGP teams offering "a lot of money"...
No description available...
14h ago from Motorsport.com
Marc Marquez admits ‘my body will force me to retire...
No description available...
1d ago from Motorsport.com
Ducati anticipates ‘2024 version’ of Francesco...
Ducati Team Manager Davide Tardozzi is “very confident” Francesco...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
3d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
3d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
3d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
16h ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
1d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
1d ago from Motorsport.com
Luciano Benavides defeats Ricky Brabec by two seconds...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
‘Agreement in place’ – Fabrizio Romano drops...
Oleksandr Zinchenko is set to leave Arsenal, with Ajax agreeing a deal to...
3h ago from CaughtOffside.com
Mikel Arteta provides worrying update on key Arsenal...
Arsenal manager Mikel Arteta has revealed that Bukayo Saka is dealing with...
9h ago from SportsKeeda.com
Arsenal latest: 'Ajax close to signing Zinchenko on...
No description available...
9h ago from SkySports.com
'I saw it live, I saw it here. I saw it now again' -...
Arsenal manager Mikel Arteta believes his side were denied a clear penalty...
14h ago from SportsKeeda.com
Comments
Hottest News
Ferrari tipped for 'disaster' as Lewis Hamilton and Charles...
Ferrari have been tipped to be the team heading... Read More »
7h ago from GPFans.com
F1 driver admits he hasn't watched the F1 movie despite...
A star of the F1 movie who also competed on the... Read More »
4h ago from GPFans.com
F1 fans go wild for Oscar Piastri's 'absolutely diabolical'...
McLaren star Oscar Piastri has sent fans wild... Read More »
5h ago from GPFans.com
