Austerity measures …. yeah, right. For whom?
This video says about itself:
30 July 2015
Puerto Rico’s debt holding vulture funds have demanded that the Caribbean island slash public spending, especially on education, to deal with its debt crisis. In a report commissioned by 34 hedge funds, International Monetary Fund economists call on Puerto Rico to raise taxes, cut medical aid benefits, close schools, slash education subsidies and restructure labor laws and welfare. The report comes as economists say that Puerto Rico will not be able to make its next debt payment of US$90 million due next Saturday.
By Rafael Azul:
Puerto Rico on rations
10 August 2015
On Sunday August 9, Alberto Lázaro, president of Puerto Rico’s Water and Sewage authority, announced a third phase in a water rationing plan that began last May. Hundreds of thousands of households in the San Juan Metropolitan…
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