Maduro says Venezuela will 'never' default on its massive debt

Venezuelan President Nicolas Maduro insisted on Sunday that his cash-strapped country would "never" default, as he prepared to meet with creditors in Caracas to discuss rescheduling part of the country's massive $150 billion debt. "Never, default will never reach Venezuela," he declared on his weekly television show. Maduro pointed to ongoing negotiations with his allies China and Russia, to which Venezuela owes, respectively, $28 billion and $8 billion.

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