Skip to comments.Rare Good News in Venezuela: Beer Is Back
Posted on 06/03/2016 11:04:21 AM PDT by nickcarraway
Venezuelans struggling through an economic crisis got a rare bit of good news Thursday when the countrys largest brewery announced it had obtained a loan to resume production.
Polar breweries, maker of the countrys best-known beer brands, shut down production at its four plants in April, blaming a barley shortage. It said it was unable to import the key ingredient because it could not access dollars under socialist President Nicolás Maduros tight currency controls.
But with bars and liquor stores running dry, Polar said it had reached a deal for a $35-million loan from Spanish bank BBVA, putting up its shares in an investment fund as collateral.
(Excerpt) Read more at ticotimes.net ...
Food is in short supply but beer is back.
the first step in fixing what ales the country
Soviet model. They learned to always keep vodka available.
I’m sure the citizens will celebrate righteously tonight. /sarcasm
buy cheap....sell high
The economy of Venezuela may not be hopping but at least things seem to be brewing.
The “lone” will soon run out, and so will the beer.
This is just a band-aid on a gunshot wound.
loan - still getting caffiene levels up
PEON: “Sir, the peasants are revolting!”
EL SUPREMO: “Quick! Take my golden plumbing fixtures and buy some beer!”
This is GREAT, don’t worry folks, my friends and I proved in 1979 that you can Live on JUST BEER ALONE for at least 30-45 days with no problems whatsoever.
What sort of a STOOOOOOPID bank would actually lend them money?
BBVA = Barley Beer Vizcaya Argentaria, S.A.
Hey, there’s a pork chop in every can.
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