Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Juan González: Puerto Rico’s Economic "Death Spiral" Tied to Legacy of Colonialism
Posted
August 5, 2015
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as posted by the channelThe White House rejects a bailout package for Puerto Rico days after the U.S. territory failed to pay a small portion of the massive $72 billion it owes to bondholders. It was the biggest municipal bond default in U.S. history. Unlike U.S. states and municipalities, Puerto Rico cannot declare bankruptcy. Juan González discusses how the roots of the crisis are deeply tied to Puerto Rico’s colonial status.
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Juan GonzálezThe White HousePuerto RicoUnlike USJuan GonzlezPuerto RicosDemocracy NowFriday Watch
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