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Debt Crisis

Lin-Manuel Miranda On Why Puerto Rico's Debt Crisis Is A ‘Life Or Death Issue’

The Huffington Post | Carolina Moreno | Posted 06.24.2016 | Latino Voices

Lin-Manuel Miranda is not throwing away his shot to make a difference, and says he's trying to be smart about using his platform to talk about issues ...

Supreme Court Says No, Puerto Rico Can't Fix A Big Hole In Bankruptcy Law

The Huffington Post | Daniel Marans | Posted 06.13.2016 | Politics

WASHINGTON -- The Supreme Court ruled Monday that Puerto Rico does not have the authority to enact its own bankruptcy laws, a decision that adds great...

If Grexit Meets Brexit

Lyric Hughes Hale | Posted 06.13.2016 | HuffPost Home
Lyric Hughes Hale

Was the entire Greek debacle the result of greedy French and German bankers who made risky loans, who were then rescued by politicians?

This Puerto Rico Debt Commission Could Be The Island's Trump Card

The Huffington Post | Daniel Marans | Posted 06.02.2016 | Politics

Much of Puerto Rico’s debt may have been issued illegally and requires further investigation, a territory government-sponsored commission report ...

No, This Major Greek Lender Isn't Changing Its Tune On Austerity

The Huffington Post | Daniel Marans | Posted 05.27.2016 | Business

Three International Monetary Fund economists appeared Thursday to call on governments to reconsider the value of austerity and openness to foreign cap...

Democrats Plan To Keep Fight Going Over Puerto Rico Bill

The Huffington Post | Laura Barron-Lopez | Posted 05.26.2016 | Politics

WASHINGTON -- Two Democratic lawmakers are pretty livid about legislation that is meant to give Puerto Rico -- home to 3.5 million American citizens -...

Legislation To Help Puerto Rico Manage Its Crippling Debt Advances In The House

The Huffington Post | Laura Barron-Lopez | Posted 05.25.2016 | Politics

WASHINGTON -- Legislation giving Puerto Rico the ability to restructure its $70 billion in debt overcame a major hurdle on Thursday, passing out of co...

Donald Trump, Treasury Debt and the Dollar

Stephen G. Cecchetti | Posted 05.24.2016 | Business
Stephen G. Cecchetti

Mr. Trump appears to assume that his sensibilities as real estate mogul and dealmaker can be directly applied to government debt management policy. They cannot. Treasury securities bear absolutely no resemblance to the debt issued by Trump Entertainment Resorts, which went bankrupt in 1991, 2004, 2009, and 2014.

Progressives Still Don't Like The Puerto Rico Bill

The Huffington Post | Laura Barron-Lopez | Posted 05.21.2016 | Politics

WASHINGTON -- The House is set to move on Republican-crafted legislation next week that would give Puerto Rico powers to restructure its crippling deb...

Puerto Rican Youth Fight For Their Home As Congress Prepares To Act

The Huffington Post | Daniel Marans | Posted 05.16.2016 | Politics

Many Puerto Rican activists have tired of waiting for help from the U.S. Congress. And now that legislation is advancing to help the commonwealth deal...

Treasury Secretary Says Puerto Rico Faces Chaos Without Congressional Action

The Huffington Post | Laura Barron-Lopez | Posted 05.10.2016 | Politics

SAN JUAN, Puerto Rico -- Treasury Secretary Jack Lew said Monday that if Congress doesn’t act soon to give Puerto Rico powers to restructure its mo...

What the Wall Street Journal Got Wrong About Puerto Rican "Refugees"

Harry Franqui-Rivera, Ph.D. | Posted 05.06.2016 | Latino Voices
Harry Franqui-Rivera, Ph.D.

So yes, island-based Puerto Ricans are escaping danger and insecurity. They are escaping from debt, financial, health, and humanitarian crises. And they going to places to which they rightly belong but where they are treated as foreigners. Hence, they are refugees in a domestic sense.

5 Things You Should Know As Puerto Rico Confronts Its Unpayable Debt

The Huffington Post | Daniel Marans | Posted 06.30.2016 | Politics

Puerto Rico's Government Development Bank defaulted on most of a $422 million debt payment that came due on Sunday, once again casting a spotlight on ...

To Do 'Whatever It Takes,' the ECB Will Have to Take Some Risks

European Horizons | Posted 05.02.2016 | Politics
European Horizons

By Steven Kelly, University of Wisconsin. Contributor at the International Political Economy Hub blog. At the height of the euro crisis in 2012, it t...

WATCH: 'Hamilton' Creator's Urgent New Performance

The Huffington Post | Ed Mazza | Posted 04.26.2016 | Comedy

With a May 1 deadline, time is running out to help Puerto Rico restructure its crushing $70 billion debt. And as John Oliver pointed out on HBO's "Las...

Puerto Rico's House Passes Emergency Debt Moratorium Bill

Reuters | Igor Bobic | Posted 04.06.2016 | Politics

SAN JUAN (Reuters) - Puerto Rico's House of Representatives early on Wednesday passed an emergency bill allowing the government to halt payments on it...

Treasury Secretary Jack Lew Urges Congress To Act On Puerto Rico

Reuters | Igor Bobic | Posted 01.20.2016 | Politics

SAN JUAN, Jan 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Wednesday said that while the Obama administration was ready to do all it could to he...

House Sets Timeline To Help Puerto Rico Handle Fiscal Crisis

The Huffington Post | Laura Barron-Lopez | Posted 12.18.2015 | Politics

WASHINGTON -- Democrats' efforts to include debt restructuring powers for Puerto Rico in the House's massive omnibus spending bill on Friday fell shor...

Virtual Bankruptcy for Puerto Rico

Lynn M. LoPucki | Posted 12.08.2015 | Politics
Lynn M. LoPucki

The virtual Chapter 9 strategy would generate enough leverage over creditors for Puerto Rico to deal with its debt crisis. The risk is that it would generate too much. Without an actual Chapter 9 to limit the Puerto Rican government, that government could design a procedure even more to its benefit.

Cancel Nepal's Debt to Pave the Way for Recovery

Duncan Maru | Posted 09.21.2015 | Impact
Duncan Maru

The United Nations' Millennium Development Goals are coming to an end this year, only to be speedily replaced with the Sustainable Development Goals.

4 Reasons Independence Is The Right Path For Puerto Rico

Maru Gonzalez | Posted 07.31.2015 | Politics
Maru Gonzalez

Although a variety of suggestions have been proposed to save the island from default, here are four reasons a clearly articulated, multi-year transition to independence is the only long-term viable solution for Puerto Rico.

The Puerto Rico Debt Crisis, Explained

Robert Rosenkranz | Posted 07.28.2015 | Politics
Robert Rosenkranz

Puerto Rico is on its way to one of the largest debt defaults in history, right up there with Greece and Argentina. Economic stagnation, or contraction, is not merely a result of an economic cycle but of major long term problems that make the island uncompetitive. But is there a way out?

This Greek Bakery Has The Perfect Reaction To The Country's Debt Crisis

HuffPost Greece | Eline Gordts | Posted 07.20.2015 | World

A small bakery in the Greek capital of Athens has made headlines around the world with its own very imaginative reaction to the country's debt crisis....

A Glimpse of the German Vision for Greece and Europe

Peter Alexander Meyers | Posted 07.13.2016 | Politics
Peter Alexander Meyers

A joke circulating has a Greek passport officer asking a German woman at the border, "Name?" She replies "Merkel, Angela." The passport officer conti...

Live Updates On The Crisis In Greece

Posted 07.10.2015 | World

Greece on Thursday submitted a new proposal to its creditors that would see harsh austerity measures in exchange for bailout funds and a willingness t...