A vueltas con la insolvencia de los entes públicos y la vía concursal (el caso de Puerto Rico)

Authors

  • Isabel Fernández Torres Universidad Complutense de Madrid/IDEIR

DOI:

https://doi.org/10.18042/cepc/rap.204.13

Keywords:

Municipality, State, insolvency, Bankruptcy, Commonwealth.

Abstract

The crisis Puerto Rico is going through is not only an economic-financial crisis, but it is rooted in a political problem that is that of its own configuration as a Commonwealth. A quasi-colonial situation that prevents it from, on the one hand, availing itself of the US bankruptcy regulations foreseen for municipalities but also from approving its own regulations to face the insolvency of its public entities. A debt of more than 74,000 million dollars whose restructuring is proving impossible and even more so after Hurricane Maria, which is leading the Trump Administration to consider cancelling —even partial— the debt. But beyond that, we will have to reflect on its future solutions because the crisis in Puerto Rico is a structural crisis that requires the implementation of structural measures.

Issue

Section

FOREIGN ADMINISTRATIVE REPORT