Puerto Rico declared bankruptcy four years ago. Officials and creditors have reached a deal, and a federal bankruptcy judge is considering whether to approve it. But what are possible repercussions for the people of Puerto Rico?
Daniel Santamaria Ots is an economist with Espacios Abiertos, a pro-transparency group in San Juan. He thinks the oversight board could have negotiated more aggressively with the banks and hedge funds that own most of Puerto Rico's bonds. They bought up those bonds for a fraction of their full value after Puerto Rico defaulted and after Hurricane Maria.
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