The Intercept talks with Eric LeCompte about the Puerto Rico Debt Crisis

Eric LeCompte, Executive Director of Jubilee USA recently talked with The Intercept speaking on the Puerto Rico debt crisis. Read excerpt below and follow link to full article.

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island.

By: Kate Aronoff

“Our concern with how debt restructurings often happen is that consultants too often turn to traditional prescriptions that haven’t necessarily worked. We believe fundamentally that austerity hurts economies when they’re trying to get back to economic growth.”

Read more here.