zerohedge.com / By Tyler Durden / 03/06/2013 20:52
The passing away of president Chávez has important implications ranging from the political spectrum to the economical spectrum. These implications will be crucial in assessments of the future of the country. Stratfor’s Karen Hooper provides a succinct summary of the short-term (who will be the interim president until new elections take place? When will the elections take place, and what is the most likely result of the election), medium-to-long-term (Uncertainty about future economic management creates an additional downward bias in macroeconomic performance in a 1–2 year horizon), and Citi, despite the uncertainty-removing finality of Chavez’ death, maintain an underweight as while neither political unrest nor a near-term default are likely, markets are also not pricing in much risk of either.
And Via Citi:
Chavismo without Chávez: What Is Next for Venezuela?
On Tuesday afternoon, Venezuela’s Vice-president, Nicolás Maduro, announced that President Chávez had died at 16:45 local time, after almost two years fighting cancer (it was initially diagnosed in June 2011). The passing away of president Chávez has important implications ranging from the political spectrum to the economical spectrum. These implications will be crucial to assess the future of the country.