Comments on: Venezuela: no debt restructuring. Lessons from Greece https://wallstreetdealmaker.com/2017/11/venezuela-no-debt-restructuring-lessons-from-greece/ He who makes a beast out of himself gets rid of the pain of being a man. Sun, 19 Nov 2017 07:15:52 +0000 hourly 1 By: Ojas https://wallstreetdealmaker.com/2017/11/venezuela-no-debt-restructuring-lessons-from-greece/#comment-712 Sun, 19 Nov 2017 07:15:52 +0000 http://wallstreetdealmaker.com/index.php/2017/11/17/venezuela-no-debt-restructuring-lessons-from-greece/#comment-712 A better study is the Russian default of 2000. See Pinto, B. & Ulatov, S. (2010), "Financial Globalization and the Russian Crisis of 1998", Washington: The World Bank

]]> By: Mike https://wallstreetdealmaker.com/2017/11/venezuela-no-debt-restructuring-lessons-from-greece/#comment-713 Sun, 19 Nov 2017 07:07:24 +0000 http://wallstreetdealmaker.com/index.php/2017/11/17/venezuela-no-debt-restructuring-lessons-from-greece/#comment-713 Here's how it works in the real world: in autocracies, the power earthquakes come from the military. When the military dumps the leaders, they're done. So in a way the military is the most democratic force, because they alone have forced dictators out. People can riot and protest, it doesn't matter, it doesn't swing the pendulum. But once a dictator loses the military, joy ride over. In 2002, Hugo Chavez, himself a former tank commander, was briefly deposed for 47 hours by the military, but that went badly.

– Khrushchev ousted by Brezhnev ? Not exactly -lost the Army support first
– Hosni Mubarak lost the army first (note: he was an ex-Air Force himself) but lost the dimension, had to resign.
– Gadaffi lost his army support first (was left with a loyal fraction in Sirte)

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