Congress Needs to Throw Puerto Rico a Lifeline: Difference between revisions

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Latest revision as of 14:53, April 29, 2016

This is an opinion item.

Author(s) The New York Times editorial board
Source The New York Times
Date March 12, 2016
URL http://www.nytimes.com/2016/03/13/opinion/sunday/congress-needs-to-throw-puerto-rico-a-lifeline.html
Quote
Quotes-start.png The bill should give the island the ability to go to federal court so that a judge can oversee the restructuring and impose new terms on creditors who refuse to negotiate. Puerto Rico has been in talks with creditors for months with little progress. Many creditors are unwilling to compromise in the hope that they can recover more money if the island is forced into asset sales, higher taxes or more spending cuts. Quotes-end.png


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This item argues for the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.


This item argues for the position Puerto Rico should be managed by a financial control board on the topic Puerto Rican government-debt crisis.