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Venezuela's public finances, North American integration and butterflies in Mexico

Feb 25th 2011, 5:52 by Th

OIL-rich Venezuela would seem one of the least likely countries in the world to default on its sovereign debt. Yet the markets are pricing its bonds to do just that. The Americas section of this week's print edition of The Economist explores the causes of Venezuela's hard-currency squeeze, and how it might wriggle out of it. The issue also asks why the push for North American integration has slowed, and touts the resurgence of monarch butterflies in Mexico.

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In this blog, our correspondents provide reporting, analysis and opinion on politics, economics, society and culture in Latin America, the Caribbean and Canada.

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