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 »
3y ago from Crash.net 0
Share

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...
3y ago from GrandPrix.com

Latest F1 cars 'a mind-blowing display of innovation'

Mercedes motorsport boss Toto Wolff says he feels the latest generation...
3y ago from Crash.net

Mercedes warn McLaren relationship will change

Mercedes chairman Toto Wolff has warned McLaren that it can expect a...
3y ago from TheF1Times.com

Skill should be rewarded Lowdon

Marussia sporting director Graeme Lowdon thinks Formula One needs to...
3y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Vinales pace excites Yamaha

New Movistar Yamaha rider Maverick Vinales has shown sizzling pace, much...
5h ago from SuperSport.com

Bradley Smith on aggression, power and how good a...

Smith is at the beginning of a two-year MotoGP project with Red Bull KTM....
11h ago from BikeSportNews.com

‘With wings, we could win at Qatar’ says Lorenzo

Jorge Lorenzo is confident after a good test at Phillip Island and may yet...
1d ago from BikeSportNews.com

Vinales hits out at Marquez for following him on long...

Maverick Vinales has hit out at MotoGP rival Marc Marquez for following...
6d ago from Motorsport.com

Popular On IndyCarToday.com

Hinchcliffe and Wickens set for test swap

– Long-time friends James Hinchcliffe and Robert Wickens will...
2h ago from GPUpdate.net

Hinchcliffe, Wickens set for IndyCar-DTM ride swap

A unique car swap between friends and countrymen will take place over the...
3h ago from Racer.com

Robert Wickens gets IndyCar test, James Hinchcliffe to...

DTM's Robert Wickens and IndyCar's James Hinchcliffe have...

INDYCAR VIDEO: Robin Miller with Ricardo Juncos

RACER's Robin Miller visits with IndyCar's newest team owner, Ricardo...
19h ago from Racer.com

Popular On TotalWRC.com

The best WRC city stages

The best WRC city stages The WRC is more rugged wilderness than urban...
4h ago from WRC.com

Hesto leads eSports WRC

German driver Hesto leads Championship after the opening round
22h ago from WRC.com

México Pre-Event Test Videos #1 (Fan Footage)

Rally Guanajuato México Pre-Event Test Videos
22h ago from WRC.com

Olbia return for Rally Italia Sardegna

Two classic stages make their WRC comeback
1d ago from WRC.com

Popular On GunnersToday.com

DAVID WOODS COLUMN: Mou shows the way, Wenger regrets,...

GETTY Jose Mourinho's Man United plays Southampton for a chance at their...
1h ago from DailyStar.co.uk

Every Premier League starting line-up ranked by...

Premier League stats: Average age of every starting line-up Thu, February...
3h ago from Express.co.uk

Is Arsenal's problem primarily mental?

ndro Moreno re-visits the subject of Arsenal's 'mental problem' in the...
3h ago from ESPNFC.co.uk

Snapped: West Ham star Pedro Obiang goes out for...

GETTY Pedro Obiang played for Sampdoria for five years before joining...
2h ago from DailyStar.co.uk

Comments

Hottest News

Launch Photos – 2017 F1 Mercedes W08

Mercedes 2017 F1 car W08 officially launched at... Read More »
7h ago from ThisIsF1.com

Renault engine expires after six laps at Toro Rosso film...

We're hoping this isn't a sign of things to come... Read More »
4h ago from F1i.com

REVEALED: Mercedes W08

The Mercedes W08 has broken cover at Silverstone... Read More »
9h ago from F1Hub.net

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.