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Desmond Lachman, Brad Setser, and Antonio Weiss: Puerto Rico’s Debt Deal Leaves No Room for Error
Its debt is more sustainable, but still much higher per capita than even the most indebted U.S. state. Puerto Rico’s Oversight Board has put forward a debt restructuring proposal that, if approved by U.S. District Court Judge Laura Taylor Swain, would allow the commonwealth to emerge from bankruptcy. It promises to make the island’s debt
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Posted: October 15, 2019 Tuesday 06:00 AM