Puerto Rico’s Pension Bailout

This is an opinion item.

Author(s)	The Wall Street Journal editorial board
Source	The Wall Street Journal
Date	April 12, 2016
URL	http://www.wsj.com/articles/puerto-ricos-pension-bailout-1460503157
Quote	Puerto Rico’s politicians want to give creditors a haircut but maintain the political status quo. What the island needs is to restructure its bloated government and debt including pensions, which won’t happen without strict federal supervision.

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This item argues against the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.