Coinciding with the release of the “Wall Street’s Power Grab in Puerto Rico” study, VAMOS4PR and Chicago-based stateside labor, community, cultural, and human rights groups joined Puerto Rico leaders in calling for an audit into the legality of Puerto Rico’s $72 billion debt.
Ukraine, 66 times the land area of Puerto Rico, is the largest country wholly within Europe. The Texas-size former Soviet republic has precious little in common with the tiny U.S. commonwealth except that both are rapidly losing population — and both face huge fiscal challenges ahead.
Gov. Ricardo Rosselló announced Monday that the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its Spanish acronym) and the Government Development Bank of Puerto Rico have entered into a restructuring support agreement (RSA) with a significant portion of its major stakeholders.
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