Page 45 - Debt Restructuring News Today

Looking at another death crisis on the african continent yes we are looking at the rooming debt crisis on the african continent just to give you a snapshot of the increases in total outstanding external debt increased by fifteen percent just between going to sixteen and going to seventeen and it increased by over fifty percent between twenty ten and twenty seventeen which countries are particularly here their countries that put them in two three categories the first group is where the dead has i...

Will brussels at least stay in the background to help with the greek government continue with the reform program you just mentioned a debt restructuring and theres also talk about possibly lowering interest rates on greeces debt or loan repayment open to even freeze those repayments for several years it almost sounds like lenders could be needy and enough to write off debt altogether. you know the thing is the writing of that is a no go in europe weve seen this over the last eight years so what ...

Islands as a protective war to safeguarding the key industries of tourism and fishing at the same time receiving many. for many this indian ocean island is what paradise looks like the remote atal is home to the worlds largest population of giant tortoises and is the spawning ground for a number of rare species. the seychelles government has now signed a bill restricting nearly all human activity in the waters around aldabra its the result of a unique deal with its predecessors debt relief in ex...

Conservancy and this debt restructuring. and mabel for a certain. amount to be repaid into a trust fund for to fund conservation related projects and activities the ambitious plan places thirty percent of the countrys territorial waters under protection putting it way ahead of the global marine protected area target of ten percent by two thousand and twenty took four years to put this together but what happened was is over that time period the seychelles was a poster child of what you do to come...

Which can overrule puerto ricos governor and legislature at any time, came up with the promesa bill. the bill offered no money for the island, just debt restructuring at a very steep price. it also puts a board in place that controls the islands budget, financial plan, regulations and, just for good measure, the laws. heres senator bernie sanders thoughts on the bill. >> the united states of america should not treat puerto rico as a colony. we cannot and must not take away the democratic rights ...

Happen? >> well, as i mentioned, the oversight board is dealing with the debt restructuring. the reality that we have in front of us is that theres no way that puerto rico can pay the debt that they are now that the public debt that they hold because its a matter of death -- life and death because they have to rebuild the infrastructure from transportation, bridges, roads, hospital facilities. thousand and thousand of people that lost their home. i cannot expect for anyone to think that puerto r...

People do not have any access to power. so the debt restructuring will have to be put on hold. and i will -- i sent a press release yesterday telling the president that i agree with him that the debt should be forgiven. i dont know what mechanism -- >> the president doesnt think the debt should be forgiven. >> pardon? >> the president doesnt believe the debt should be forgiven. >> well, he said that for the private sector to forget about the debt. thats what he said. jpmorgan or -- yeah, one of ...

I mean your energy infrastructure in puerto rico is 44 years old. puerto rico -- >> yes. >> -- is already billions of dollars in debt. last week there was a sense of relief saying, guess what, irma mostly missed us. maybe that fema insurance money is going to help us get back on their feet. surely theyre knocked off their feet with this. what happens now? >> i would think so. i know that there is -- you look at the law that was passed, its for debt restructuring. there are some things in there, ...

>> talk about this fiscal oversight board. what is that? because when it was described to me, it was like, wait, obama just appointed some people to be in charge of you? theyre elected you governor. >> well, its a brave new world in that respect. so we have a board now to set barriers to how much we can spend. weve had a tradition of overspending. >> allegedly to help fix the crisis, the federal government, which can overrule puerto ricos governor and legislature at any time, came up with the pr...

On the business front, when we try to do business with other nations, we are treated as a state so we cant -- >> you cant go directly to another nation. >> but when we go to the states to do interstate commerce, we are treated as a foreign country. were limited in both respects. >> talk about the fiscal oversight board called promisa. when it was described to me, wait, obama appointed some people to be in charge of you? they have elected you governor. >> its a great new world in that respect. we...