TV: Interview re PROMESA becoming law

On Friday, July 1st, spoke with CCTV America regarding the recent passage of the PROMESA bill, enacted to help alleviate Puerto Rico’s fiscal crisis.  Although the bill has its flaws, […]

On Friday, July 1st, spoke with CCTV America regarding the recent passage of the PROMESA bill, enacted to help alleviate Puerto Rico’s fiscal crisis.  Although the bill has its flaws, it took on the only form that could achieve bi-partisan support and eventually become law.  Going forward, Puerto Ricans are going to witness greater measures of austerity, but will also see a near-term turning point in which investors (both local and foreign) will begin reigniting the economy as economic certainty and fiscal restraint are regained.  For additional commentary, please visit CCTV America’s website here.

 

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