Puerto Rico: The Crisis Is About Colonialism, Not Debt
Monthly Review
Puerto Rico has been sacked by colonial powers for half a millennium. Is it any wonder it is in dire straits? Today, it is $73 billion in debt. As a point of comparison: Greece recently asked for about $82 billion from the European Union. The German finance minister thought it was funny when he proposed to U.S. Treasury Secretary Jack Lew that the Eurozone exchange Greece for Puerto Rico.
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