Over the course of a decade-long recession, Puerto Rico has amassed a public debt of $72 billion, a staggering amount that the unincorporated U.S. territory is in danger of defaulting on in May.
"Let us be clear: We have no cash left," Gov. Alejandro Padilla said in a December appeal for help to the U.S. Senate. "This is a distress call from 3.5 million Americans who have been lost at sea."
What are the potential consequences of a debt default for Puerto Rico and the United States? Join The City Club of Cleveland, the Cleveland Council on World Affairs, International Partners in Mission, and the Northeast Ohio Consortium for Middle Eastern Studies (NOCMES) for a discussion on the Puerto Rican debt crisis and its ramifications.
Juan Molina Crespo, Executive Director, Hispanic Alliance, Inc.
T. Daniel Reynolds, Business Restructuring and Reorganization Associate, Jones Day
José O. Solá, Ph.D., Associate Professor of History, Cleveland State University College of Liberal Arts & Social Sciences
This discussion will be moderated by WCPN host/producer Tony Ganzer.