OPECs Rejection Seen Forcing Venezuela Measures

The video discusses Venezuela's potential need to devalue its currency and sell its US-based oil unit to avoid default, as its benchmark notes hit a five-year low. Oil accounts for 95% of Venezuela's export revenue. Meanwhile, Brazil's Congress is set to vote on a budget bill that tests President Dilma Rousseff's coalition control. The bill aims to eliminate the fiscal target, preventing legal action against Rousseff for budget law non-compliance.

What is one of the measures Venezuela might take to avoid default?

• Devalue its currency

• Cut public spending

• Increase oil production

• Raise taxes

What percentage of Venezuela's export revenue is accounted for by oil?

• 80%

• 95%

• 100%

• 90%

What is the significance of the budget bill in Brazil's Congress?

• It aims to increase taxes

• It focuses on environmental policies

• It tests President Rousseff's coalition control

• It proposes new trade agreements

What would the budget bill effectively eliminate in Brazil?

• All trade barriers

• Environmental regulations

• Next year's fiscal target

• This year's fiscal target

What is the main focus of the Latin America report for this Tuesday?

• Economic growth in Argentina

• Political stability in Chile

• Economic and political issues in Venezuela and Brazil

• Trade agreements with the US