Congress can help ease Puerto Rico’s debt crisis
Puerto Rico must indeed reform its public sector, but the structural crisis affecting its economy is such that even dramatic new efficiencies probably wouldn’t produce enough growth to pay its debts as currently structured, according to a Washington Post editorial. For the sake of its economic future, the United States’ best friend in the Caribbean needs the power to negotiate a new, more sustainable deal with its creditors, and Congress should grant it.
Read the full editorial.
Thursday, February 26, 2015