Puerto Rico
Puerto Rico’s Catastrophic Fiscal Adjustments
Imperialism seeks to prevent another Greek scenario. In Congress, Obama requested legislative reforms to clear the way for Puerto Rico to undergo bankruptcy processes. The republicans, who currently have the majority, are staunchly opposed to the proposed package. However, both parties on Capitol Hill want the island’s people and workers to pay the costs of the crisis.
Bárbara Funes
November 7, 2015Puerto Rico’s Debt and Reform
Puerto Rico, the unincorporated U.S. territory, declares itself bankrupt and claims that the public debt is unpayable. The government of García Padilla, Puerto Rico's President, says that Puerto Rico is in 72 million dollars of debt.
Sergio Moissen
July 10, 2015