What Happens When an Island Starts to Drown Under Its Own Weight? The Debt Crisis of Puerto Rico
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Date
2019-02-14
Authors
Leblanc, Emily
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon School of Law
Abstract
Hurricanes, floods, and earthquakes are recent natural disasters to have hit the Commonwealth of Puerto Rico. Compounding these natural disasters is one that is man-made: the Puerto Rican debt crisis. Current estimates are that Puerto Rico owes more than $73 billion to its bondholders. How did this happen? This Comment is an examination of the legislation designed to help Puerto Rico restructure its finances and reorganize and/or discharge its debt.
Description
28 pages
Keywords
National debt, Constitutional law
Citation
20 OR. REV. INT'L L. 305