July 29, 2015

Vulture funds demand brutal austerity measures from bankrupt Puerto Rico

A group of hedge funds that hold a large proportion of Puerto Rico’s debt have demanded that its government fires teachers, collects more taxes and reforms labor laws, as the US territory contemplates default.

The demand was stated in a report written by three economists with strong links to the International Monetary Fund... Read more.


Hedge funds tell Puerto Rico: lay off teachers and close schools to pay us back - Guardian
Billionaire hedge fund managers to Puerto Rico: Close schools to pay us back - Business Insider

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