caracas venezuela socialist government gift chocolates creditors monday offer firm proposals brief meet caracas leave investors without clear understand government strategy renegotiate 60 billion debt president nicolas maduro confuse investors month vow continue pay venezuela cripple debt also seek restructure refinance restructure refinance appear question however due u.s. sanction crisis-stricken nation default would compound venezuela dire economic crisis monday short confuse meet attend senior venezuelan officials blacklist unite state give clarity maduro would carry plan bondholders representatives participate say afterwards mean venezuela remain dilemma whether continue pay debt expense increasingly hungry sick population default creditors burn bridge global financial system offer term strategy nothing say one bondholder leave meet last little half hour white palace depart colorful gift-bag contain venezuelan chocolates coffee bond price maintain last week rally one investor say relief meet include default announcement nearly 300 million late interest payments three bond pdvsa 2027 venezuela 2019 venezuela 2024 also due monday 30-day grace periods end bondholders appear unconcerned delay due part increase bank vigilance venezuela transactions expectation coupon payments come well say jan dehn head research ashmore investment management know delay exist exist 100 investors include bondholders new york lawyers represent creditors enter white palace via red carpet greet poster maduro predecessor hugo chavez entrance meet room inside chief debt negotiators vice president tareck el aissami economy minister simon zerpa u.s. sanction list drug corruption charge respectively attend meet half hour meet bondholders others stay room concern penalties deal officials sanction washington el aissami tell creditors deutsche bank may soon cut financial service venezuela participants say deutsche decline comment read statement protest unfair treatment global financial institutions include u.s. president donald trump sanction aim prevent venezuela issue new debt maduro say show goodwill bondholders show goodwill ... unfortunately uncle sam play ball refinance say dehn attend meet hugely surprise nothing come meet separately european union approve economic sanction arm embargo venezuela monday although yet name subject sanction market continue remain optimistic venezuela service debts note make close billion payments past two weeks albeit delay bond price across board monday benchmark 2022 note issue state oil firm pdvsa pdvsa.ul rise 3.3 percentage point economic implosion already take brutal toll venezuelans citizens suffer malnutrition preventable diseases find food medicine afford triple-digit inflation sight poor venezuelans eat garbage bag become powerful symbol decay contrast sharply era chavez high oil price help fuel state spend halt debt service would free additional 1.6 billion hard currency end year resources could use improve supply staple goods maduro head presidential election expect 2018. strategy could backfire meet aggressive lawsuits default pdvsa issue half country outstanding bond could ensnare company foreign assets refineries legal battle potentially crimp export revenue graphic 'venezuela 's economy click tmsnrt.rs/2ppjdrb venezuela offer chocolates little else creditors