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Weiss Believes Declaring Bankruptcy Is Key

The former high-ranking US Treasury official recommends going to court now to restructure the public debt

10 de marzo de 2017 - 9:14 AM

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This content was published more than 7 years ago.
According to Antonio Weiss—who was the Counselor to the Treasury Secretary on domestic finance until January—, the estimates included in the Governor’s plan rely on “false hopes for economic growth that risk an insufficient reduction in debt.” (Archive/AP
According to Antonio Weiss—who was the Counselor to the Treasury Secretary on domestic finance until January—, the estimates included in the Governor’s plan rely on “false hopes for economic growth that risk an insufficient reduction in debt.” (Archive/AP

WASHINGTON – Yesterday, hours before the Oversight Board rejected Governor Ricardo Rosselló’s fiscal plan, Antonio Weiss—who was the main advisor of the former US Treasury Secretary regarding Puerto Rico’s fiscal crisis—strongly questioned the Puerto Rican Government’s economic projections.

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