debt

Ten years of recession have made Puerto Rico’s government insolvent and made its economy collapse. The problems of Puerto Rico started before the global crisis emerged in Wall Street and now it contributes to making the crisis public but also, much more serious. Now, it is finally revealing the fiscal and economic failure of the colonial regime and it has caught the nation in a situation which appears impossible to solve.

Last Monday The Supreme Court ruled against Puerto Rico regarding its Debt, and determined that the island cannot turn to Act 71 – which enables some Commonwealth Public Corporation in financial distress to restructure their debt obligations – striking down Puerto Rico law.

The International Monetary Fund (IMF) has issued its clearest warning yet about the global implications of rising corporate debt in China. It came in the form of an address delivered by David Lipton, its first managing director, at a conference in Shenzhen at the weekend.

Now that the media craze surrounding the Paris Agreement has died down, it’s time to step back and ask ourselves what are the main reasons for the failure of these successive summits. Many of the problems are well known, particularly in activist circles, such as our leaders’ absolute belief of in unsustainable economic growth, as well as the way large multinationals and other lobbies insinuate into the hidden complexities of these negotiations.

Economist Michael Hudson says IMF's concern about Greek debt is bogus, this is full scale financial war, forcing Greece give up ports, pensions, properties...

Germany’s Assault On The IMF By Paul Craig Roberts Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into...

By Dimitris Konstantakopoulos I usually work more than ten hours a day and most of the weekends. I am often happy with what I do...

Open Letter to the Heads of State and Government of the European Union who participated in the ‘Small Summit’ with Barak Obama David Cameron, François Hollande,...

Source TeleSur / The Dawn News Puerto Rico decided not to pay the 422-million-dollar-debt, the greatest one in the history of the island. It’s due...

By Dimitris Konstantakopoulos According to a reliable source in Caracas, as Hugo Chávez was dying he called his chosen successor Maduro. Among other things he...