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With the long-delayed commencement of negotiations between the new government of the Commonwealth of Puerto Rico (the “Commonwealth”) and its financial creditors finally underway, and the expiration of the existing stay on creditor actions looming, much of the financial press' attention over...
Persistent link: https://www.econbiz.de/10012958313
As the Commonwealth of Puerto Rico's new administration returns to the negotiating table with its creditors, both sides and the Oversight Board will be focusing on the financial terms of the restructured debt, including the size of the haircut and which credits will receive the largest share of...
Persistent link: https://www.econbiz.de/10012960455
If there is one thing that all stakeholders in Puerto Rico's fiscal crisis can agree on (and there are likely not many such things), it is that, without real economic growth, the Commonwealth of Puerto Rico will neither be able to repay its creditors nor offer its residents a viable, let alone...
Persistent link: https://www.econbiz.de/10012950831
Much has been written about the ongoing economic and financial crisis in the Republic of Venezuela, including its economic collapse, the shortage of basic food and medicine, the spread of poverty and disease and the mass exodus of its population. In the midst of the collapse of this failed...
Persistent link: https://www.econbiz.de/10014112239