January 19, 2017

Puerto Rico Fiscal 'Junta' Needs More Time to Restructure

The board is set to keep a hold on economic controls, including lowering the minimum wage and slashing public spending, until at least 2020.

Puerto Rico's federal oversight board said Wednesday it was willing to extend key deadlines that would give the debt-laden U.S. territory's government more time to negotiate restructuring deals with holders of some US$70 billion in bonds. Read more.

teleSUR

Related,
Rothschild replaces Millstein as Puerto Rico financial adviser - Reuters
- Puerto Rico oversight board favors more time for restructuring talks - Reuters

People power in Puerto Rico: how a canal community escaped gentrification - Guardian

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