HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » U.S. Territories (Group) » Puerto Rico governor slam...

Tue Apr 3, 2018, 04:11 AM

Puerto Rico governor slams congressman over 'dictatorial' letter

Source: Reuters


Puerto Rico governor slams congressman over 'dictatorial' letter

Nick Brown

NEW YORK (Reuters) - Puerto Rico’s governor on Monday fiercely defended his administration’s right to help steer the insolvent, storm-ravaged island out of bankruptcy after a U.S. congressman said the process should be led by the island’s creditors and federally appointed oversight board.

In a scorching, 6,000-word letter delivered on Monday to U.S. Representative Rob Bishop, and seen by Reuters, Governor Ricardo Rossello accused the Republican lawmaker of turning “back the clock many decades to a time when the federal government simply imposed its will” on the U.S. territory.

Bishop, who chairs the House of Representatives Committee on Natural Resources, was at the forefront of a 2016 federal law known as PROMESA, which moved Puerto Rico’s finances under the management of a federally appointed board.

In a letter last week, Bishop censured the board for lack of progress on a massive planned debt restructuring in Puerto Rico, directing the board to seek more input from the island’s financial creditors on a plan to stabilize the island.

Rossello said on Monday that flew in the face of PROMESA, which calls for the board and the governor to work together. He said the sides had made consensual progress on elements of Puerto Rico’s restructuring.


Read more: https://www.reuters.com/article/us-puertorico-debt-letter/puerto-rico-governor-slams-congressman-over-dictatorial-letter-idUSKCN1H91Y1

0 replies, 803 views

Reply to this thread

Back to top Alert abuse

Reply to this thread