No bankruptcy for Puerto Rico

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This is an opinion item.

Author(s) Dean Chambers
Source The Washington Times
Date March 16, 2016
Quotes-start.png Bankruptcy will increase the Commonwealth’s borrowing costs by decreasing its credit rating for years to come. This increase will only cost the taxpayers far more for the financing of Puerto Rico’s debt. Bankruptcy will severely discourage private investment and cause enormous opportunity costs to the economy. Bankruptcy will also not do anything to reform the government, economy and financial system of the Commonwealth. Quotes-end.png

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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.