Santurtzitik (Bizkaia) Santurcera (Puerto Rico)

Santurtziarra naunk1.

Badago, baina, beste Santurce bat, Puerto Rico-n2.

Hona hemen zenbait albiste kezkagarri Puerto Rico-ri buruz:

(a) Puerto Rico “Generously” Offers To Repay 54 Cents On The Dollar To Creditors Owed $70 Billion3

Afera zorrari dagokio. Puerto Rico-ren zorra handi samarra da, 70.000 milioi dolar.

(Gogoratu Puerto Rico dolarraren erabiltzailea dela, ez dolarraren jaulkitzailea.)

Zorra berregituratu nahi dute4.

(b) Puerto Rico Restructuring Proposal5

(c) Puerto Ricans Suffer as Creditors Feast on Debt Colony6

Gobernua ordaintze ezean ari da7.

Puerto Rico AEBko estaturik pobreenetariko bat da8. Ez dauka inongo garapen ekonomiko independente9.

Jadanik jakina dugunez, moneta erabiltzaileak (ez jaulkitzaileak) diren gobernuan, askotan, behartuta daude zorretan jartzea gastu sozialak gauzatu ahal izateko10. Fondo federalak labur samarrak dira11. Ondorioz, gobernua zor handiagoan murgiltzen da12, aktibo publikoak pribatizatuz13.

Azken albisteak:

(d) Puerto Rico Says Will Default Tomorrow, Begs Congress For Help “Or Else Crisis Will Get Worse”

Update: PR Governor Padilla has spoken…





E-eguna da Puerto Rico-n14.

Ordaintze eza hortxe dago15.

(e) Economic Collapse: Puerto Rico Is Bankrupt Will Default On $422 Million Debt Payment16

Laster ikusiko dugu zer nolako irtenbidea izango duen Puerto Rico-k, eta berarekin batera, gure bigarren Santurce-k.

4 Daniel Hanson-ek dioenez, Puerto Rico debt restructuring proposal isn’t credible. The targets are “wholly unrealistic,” and require creditors to trust Puerto Rico will make good faith effort to repay them.”

7 Ingelesez: “… Puerto Rico last month, the island’s government had defaulted on $1 billion in bond interest payments. It was the second default in five months for the cash-strapped government whose debt now totals $72 billion.

8 Ingelesez: “Puerto Rico’s median average income of less than $20,000 is 50 percent less than the poorest American state.”

9 Ingelesez: “Constrained by the neoliberal capitalist system of the United States, Puerto Rico is unable to chart its own course for independent economic development. The Interstate Commerce Clause of the Constitution makes it impossible for Puerto Rico to protect its own industries. They must allow American businesses equal access to Puerto Rico’s markets. The Cabotage Laws make shipping to and from Puerto Rico prohibitively expensive, impeding demand for exports and driving up prices on imports.

10 Ingelesez: “The detrimental effects of U.S.-imposed restrictions on Puerto Rico’s economy have forced them to incur debt to pay for social spending. Unlike every other industrial country in the world, the United States does not provide universal health care to its citizens. The federal programs that are supposed to guarantee insurance for the poor and the elderly do not apply equally to Puerto Rico.”

11 Ingelesez: “Puerto Rico only receives half the rate of federal healthcare funding as the 50 states, even though its residents pay the same rates in payroll taxes.

12 Ingelesez: “With federal government spending and local tax revenue insufficient to meet the population’s health care needs, the Puerto Rican government must assume more debt to cover the difference.

13 Ingelesez: “Like countries across the global South who have found themselves indebted to U.S.-run institutions such as the World Bank and International Monetary Fund, Puerto Rico has been encouraged to privatize its public assets and use the money to pay its creditors.

14 Ingelesez: “It’s D-Day in Puerto Rico. As Bloomberg reports, investors are finding little comfort in the Puerto Rico Government Development Bank’s efforts to strike a last-ditch agreement with creditors to soften the blow of a default this weekend. The bonds that mature today (May 1st) have crashed to just 20c (disastrously below the 36-cent recovery rate the commonwealth proposed in March).

15 Ingelesez: “A default on the $422 million due today is “virtually certain,” S&P Global Ratings said April 11.

No matter which route Puerto Rico takes, credit-rating companies see a default as inevitable. Moody’s Investors Service analysts said last week that any non-payment, even if it’s agreed to by creditors, constitutes a default in their eyes. S&P Global Ratings said a distressed-debt exchange or temporarily withholding interest is synonymous to default.