While saying Puerto Rico is not “America’s Greece,” a senior analyst with Wells Fargo Securities said the time has come for the island to implement drastic change or risk facing an even bigger economic collapse.
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QUOTE OF THE WEEK:
“In today’s environment of heightened uncertainty, consumers are encouraged to prioritize financial prudence, disciplined expense control and effective budgeting to mitigate further stress on their finances.
A ‘wait-and-see’ approach may serve the Fed, but not consumers.”
— Leslie Adames, director of analysis and economic policy, Estudios Técnicos
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