Wednesday, December 03, 2014

Birds of a feather

Wall Street Journal news report on Venezuela's economic problems --

Venezuela Finance Minister Rodolfo Marco is in China this week seeking loans from the Asian country, which has already extended the South American nation nearly $50 billion in credit since 2007. Mr. Marco will next head to allied Iran and Russia also in search of financing, Mr. Maduro [President] added.

So the country's big plan to deal with economic mismanagement and falling oil prices is to look for loans from countries with ... economic mismanagement and falling oil prices.