Dossier
economic default
Coverage of economic default in the Nexus archive.
- A $6.7 Billion Quake Bill Hits Venezuela Mid-Default
Two major earthquakes of magnitude 7.2 and 7.5 struck northern Venezuela on June 24, causing at least 1,430 deaths. The UN estimates direct physical damage at $6.7 billion, equivalent to 6% of Venezuela's GDP, amid the country's ongoing economic default.