THE PROBLEM WITH SOCIALISM IS, EVENTUALLY YOU RUN OUT OF OTHER PEOPLE’S MONEY: Venezuela Defaults on Its Last Bond, Setting Up Legal Showdown.

Luxembourg-based Clearstream Banking and Brussels-based Euroclear, the clearinghouses for the debt, didn’t receive the $843 million in principal and $71 million in interest due Monday, according to two people familiar with the matter.

Guaido, recognized by the U.S. and nearly 60 countries as Venezuela’s interim president, scored a last-minute victory on Thursday when the Treasury Department updated its sanctions guidelines to block creditors from seizing their collateral for 90 days. With the Trump administration’s support, Guaido and his allies effectively run Houston-based Citgo, yet have little operational control over its Caracas-based parent PDVSA.

It’s complicated.