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Two Cheers for the Puerto Rico Bill
Desmond Lachman, E21
 The proposed Puerto Rican Restructuring Bill is to be welcomed as a first step towards resolving the island’s chronic debt problem and towards improving its economic and financial management. However, it is to be regretted that the bill seems to lack any vision as to how to extricate the island from its 10-year economic slump. Without restoring real economic growth to the island, the bill will be little more than a stop-gap measure to get us through the U.S. election cycle without a full blown Puerto Rican economic and financial crisis before November. Read more here.
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