They call it “Freddy Krueger” but it’s the USA ….. one more time: stealing all that is Puerto Rico! The culture, the economy, the land …. And so much more. But never our pride!!
The Greek economy has collapsed. Over the past five years, its GDP shrank by 25%. Youth unemployment stands at 60%.
As of yesterday, June 29, it closed all its banks for one week.
Today, June 30, it defaulted on an €1.55 billion ($1.73 billion) payment to the International Monetary Fund (IMF).
It also imposed a nationwide restriction on ATM withdrawals, with a strict limit of 60 euros ($67) per day. Across the entire country, thousands of senior citizens swarmed their local bank branches, demanding their weekly government checks. They were all turned away.
Seniors shut out of an Alpha Bank branch in Thessaloniki, Greece
Greece is imploding. Politics and self-interest took priority over sound management, until it was too late…and now the same thing, at the same moment, is happening in Puerto Rico.
The island owes a public debt of $73 billion. Over the past year, Wall Street demoted this…
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It Is What It Is 