Meanwhile over in that veritable Utopia the likes of Corbyn and Red Ken still like to cite as the way forward when it suits:
Quote:
International credit ratings agency Standard & Poor's has declared Venezuela to be in "selective default".
The ratings agency said the South American nation had failed to make $200m (£153m) in repayments on its foreign debt.
Venezuela's state-run oil company PDVSA has also been declared in default by rating agencies Fitch and Moody's.
The news came just hours after the government met investors in Caracas to try to renegotiate its debt.
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http://www.bbc.co.uk/news/world-latin-america-41982069
Quelle surprise...
