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...
12y ago from GrandPrix.com
Latest F1 cars 'a mind-blowing display of innovation'
Mercedes motorsport boss Toto Wolff says he feels the latest generation...
12y 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...
12y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
20h ago from Motorsport.com
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
21h ago from MotorsportWeek.c...
Joan Mir fears early silly season could leave MotoGP...
No description available...
1d ago from Motorsport.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher reveals what has surprised him the...
No description available...
14h ago from Motorsport.com
Honda quick in IndyCar Sebring test, Grosjean tests...
Nearly the entire IndyCar paddock was present at Sebring International...
16h ago from MotorsportWeek.c...
Jay Frye reflects on IndyCar run one year after...
No description available...
13h ago from Motorsport.com
IndyCar Sebring test: Marcus Armstrong leads Day 2,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
1d ago from Motorsport.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
6d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Kai Havertz injury blow ahead of trip to Brentford
Morning. Arsenal are in Premier League action this evening, away to...
19m ago from Arseblog.com
Report: Man United are frontrunners in race to sign...
Manchester United are reportedly emerging as the frontrunners in the race...
1h ago from CaughtOffside.com
Midfielder Arsenal could have signed in January scores...
Alex Oxlade-Chamberlain has announced his return to British football in...
2h ago from CaughtOffside.com
Man City boost as Arsenal suffer fresh injury to star...
Kai Havertz has suffered a fresh muscular injury and is set to be ruled...
9h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain pre-season 1st test – Day 2
Follow along with the second day of the first... Read More »
2h ago from RacingNews365.com
Hamilton says 2026 cars ‘slower than GP2'
Feb.12 Lewis Hamilton has delivered a blunt... Read More »
1h ago from OneStopStrategy.com
Toto Wolff addresses possibility of Mercedes legal action...
Toto Wolff has spoken at length of the ongoing... Read More »
49m ago from RacingNews365.com
