3 ms·
There’s at least one thing in the article that I’m pretty sure is incorrect - it says $33 billion in debt obligations were cut down through the PROMESA restruct
by nocoiner 3y ago
There’s at least one thing in the article that I’m pretty sure is incorrect - it says $33 billion in debt obligations were cut down through the PROMESA restructuring. I think that vastly understated the magnitude of the debt; I believe it was more on the order of $130 billion.
I watched the restructuring pretty closely for a while but eventually lost interest after a series of will they/won’t they court decisions. I hope it delivers a sustainable outcome to the island. It’s a wonderful place and deserves better than what it’s been through in recent years.