Puerto Rico anti-austerity news

Posted on by

This video from the USA says about itself:

Special Report: Voices from Puerto Rico‘s Students Leading an Anti-Austerity Movement

6 April 2016

Puerto Rican college students have been waging a series of demonstrations to protest austerity measures they say endanger the higher education system. Last night, students at the University of Puerto Rico campus in Bayamón voted to begin an indefinite strike, while students at the Ponce campus voted to begin a 72-hour strike. Students at the University of Puerto Rico at Utuado have also shut down the campus. In March, students held a protest outside the Puerto Rican Treasury, known as Hacienda. Some students had a chance to meet with Juan Flores Galarza, the sub-secretary of the Puerto Rican Treasury. Democracy Now!’s Juan Carlos Dávila was there and filed this report.

This video from the USA says about itself:

In Shock to Wall Street & Washington, Puerto Rico Moves to Suspend Payments on $72B Public Debt

6 April 2016

The Puerto Rican Senate and the House of Representatives have both passed an emergency declaration authorizing the governor to suspend payments on $72 billion in public debt—setting up a dramatic showdown between Puerto Rico and hedge funds amid the island’s historic debt crisis. The bill authorizes the Puerto Rican governor to “protect the health, security and public welfare … [by] using government funds first and foremost for public services.” The dramatic move comes one day after a group of hedge funds sued to freeze the assets of Puerto Rico’s Government Development Bank in efforts to stop the bank from spending money on the island that the hedge funds want to go toward upcoming debt payments.

Related articles