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Puerto Rico: Is it America’s Greece? (Part II)

By Dr. Pierre Canac—This is the continuation of last week’s blog, and thus, it is advised to first read Part I if you haven’t done so. Remedies The ball is now in Congress’ court and the speaker of the House, Paul Ryan, indicated that he would push for a solution by March 2016. Commissioner Pierluisi…

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Puerto Rico: Is it America’s Greece? (Part I)

By Dr. Pierre Canac—This is a two-part blog; the second part will appear next week. I usually write about international economics; however, this time I will let the reader decide whether this is what I am doing in this post. The Status of Puerto Rico Puerto Rico is a Commonwealth or a territory that belongs…

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