Coalition: US-Puerto Debt Plan 'Fails to Respect Democracy'

TeleSur

Coalition: US-Puerto Debt Plan 'Fails to Respect Democracy'

The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), legislation written by the United States Congress to deal with Puerto Rico's sovereign debt crisis, was released on Wednesday, and it's already drawing criticism.

"We are concerned that the current draft fails to respect democracy in Puerto Rico," stated Eric LeCompte, a United Nations debt expert who advises Puerto Rico's religious leaders on the crisis and is the executive director of the religious development group Jubilee USA, an alliance of more than 75 US organizations and 550 faith communities. "We also need to be certain that we don't balance budgets on the backs of the poor."

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