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Rare Good News in Venezuela: Beer Is Back
The Tico Times ^ | 6/2

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 country’s largest brewery announced it had obtained a loan to resume production.

Polar breweries, maker of the country’s 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 Maduro’s 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 ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: beer; chavez; venezuala

1 posted on 06/03/2016 11:04:21 AM PDT by nickcarraway
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To: nickcarraway

Food is in short supply but beer is back.

Gee,that’s terrific./s

.


2 posted on 06/03/2016 11:06:10 AM PDT by Mears
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Comment #3 Removed by Moderator

To: nickcarraway

the first step in fixing what ales the country


4 posted on 06/03/2016 11:07:24 AM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: nickcarraway

Soviet model. They learned to always keep vodka available.


5 posted on 06/03/2016 11:10:02 AM PDT by lacrew
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To: nickcarraway

I’m sure the citizens will celebrate righteously tonight. /sarcasm


6 posted on 06/03/2016 11:11:25 AM PDT by Robert DeLong (u)
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To: nickcarraway

buy cheap....sell high


7 posted on 06/03/2016 11:11:41 AM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....Opabinia can teach us a lot)
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To: chajin

The economy of Venezuela may not be hopping but at least things seem to be brewing.


8 posted on 06/03/2016 11:12:27 AM PDT by SamAdams76 (Delegates So Far: Trump (1,239); Cruz (559); Rubio (165); Kasich (161)
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To: nickcarraway

Ahhhh Soma!

KYPD


9 posted on 06/03/2016 11:13:27 AM PDT by petro45acp (" It IS About Islam: exposing the truth about ISIS, Al Qaeda, Iran, and the caliphate" by Glenn Beck)
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To: nickcarraway

The “lone” will soon run out, and so will the beer.
This is just a band-aid on a gunshot wound.


10 posted on 06/03/2016 11:15:28 AM PDT by SpaceBar
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To: SpaceBar

loan - still getting caffiene levels up


11 posted on 06/03/2016 11:16:10 AM PDT by SpaceBar
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To: nickcarraway

12 posted on 06/03/2016 11:18:03 AM PDT by Delta 21 (Patiently waiting for the jack booted kick at my door.)
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To: nickcarraway

PEON: “Sir, the peasants are revolting!”

EL SUPREMO: “Quick! Take my golden plumbing fixtures and buy some beer!”


13 posted on 06/03/2016 11:24:14 AM PDT by BiggerTigger
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To: Mears

ROFL ROFL


14 posted on 06/03/2016 11:24:16 AM PDT by Patriot Babe
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To: nickcarraway

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.


15 posted on 06/03/2016 11:24:25 AM PDT by eyeamok
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To: nickcarraway

What sort of a STOOOOOOPID bank would actually lend them money?


16 posted on 06/03/2016 11:35:40 AM PDT by Buckeye McFrog
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To: nickcarraway

BBVA = Barley Beer Vizcaya Argentaria, S.A.


17 posted on 06/03/2016 11:54:14 AM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: Mears

Hey, there’s a pork chop in every can.


18 posted on 06/03/2016 1:54:16 PM PDT by VTenigma (The Democratic party is the party of the mathematically challenged)
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