Eric LeCompte, Executive Director of Jubilee USA was recently featured in Telesur speaking on Puerto Rico. Read excerpt below and follow link to full article.
Puerto Rico Begins Bankruptcy Process in Face of Massive Debt
“'The government of Puerto Rico complied with PROMESA and put in place a fiscal plan that cuts monies to the University of Puerto Rico, further cuts healthcare access to vital services, cuts pensions and freezes and reduces public sector salaries' LeCompte continued.
Although LeCompte acknowledged that 'the problem will get worse before it gets better,' he was optimistic that the Title III procedures will provide needed debt relief and lead to economic recovery.
'In the coming years, Puerto Rico will still have a lot of obstacles to overcome but if this process is done right, Puerto Rico will have a clear path for recovery and economic growth,' LeCompte added"
Read more here.