The Puerto Rico Gamble | Fault Lines
30.6 هزار بار بازدید -
9 سال پیش
-
In June, Puerto Rican Governor
In June, Puerto Rican Governor Alejandro Garcia Padilla announced that the island had accumulated $72bn in debts and would not be able to pay them back anytime soon.
The announcement touched off a new struggle over who should pay for the debt crisis.
The US territory has not yet recovered from the effects of the global financial collapse, and poverty, unemployment and inequality rates far eclipse those in any US state.
Simultaneously, Wall Street investors have taken a new interest in the island, buying up debt and taking advantage of favourable tax conditions.
As Puerto Rico enters a new age of austerity, who is looking out for the interests of the poor?
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#AlJazeeraEnglish #PuertoRico #FaultLines
The announcement touched off a new struggle over who should pay for the debt crisis.
The US territory has not yet recovered from the effects of the global financial collapse, and poverty, unemployment and inequality rates far eclipse those in any US state.
Simultaneously, Wall Street investors have taken a new interest in the island, buying up debt and taking advantage of favourable tax conditions.
As Puerto Rico enters a new age of austerity, who is looking out for the interests of the poor?
- Subscribe to our channel: http://bit.ly/AJSubscribe
- Follow us on Twitter: Twitter: AJEnglish
- Find us on Facebook: Facebook: aljazeera
- Check our website: http://www.aljazeera.com/
#AlJazeeraEnglish #PuertoRico #FaultLines
9 سال پیش
در تاریخ 1394/07/29 منتشر شده
است.
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