On the recordJune 23, 2015
No country, no state, no jurisdiction has gotten out of a crisis like ours without a bankruptcy law, a central bank intervention or help from outside.
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congress.govNo country, no state, no jurisdiction has gotten out of a crisis like ours without a bankruptcy law, a central bank intervention or help from outside.
Pierluisi emphasizes the need for external help to resolve Puerto Rico's crisis.
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The ball is in Congress' court. It is time for Congress to address this issue.
Last month, I formally requested emergency assistance from FEMA to stabilize our power system by providing additional generation assets and accelerating work on our transmission and distribution grid.
Having a plan of adjustment confirmed by the Federal court is absolutely essential, because it would stabilize PREPA's finances.