Something about Puerto Rico

If you go to the above link you can see what The International Spiegel, a German magazine, published on July 08, 2015 the following:


America’s Greece: Fixing Puerto Rico Could Provide Answers for Europe

An Essay By Barry Eichengreen

July 08, 2015

About the Author
  • UC Berkeley

    Barry Eichengreen (born in 1952) is a professor of economics and political science at the University of California, Berkeley.

This is what the professor says in the introduction to his essay:

The Greek crisis could have been stopped years ago if European politicians hadn’t been so stubborn. They should have followed the example set by the United States in dealing with Puerto Rico’s problems.


Here is a link to an article about the despair and agner in Puerto Rico:

One thought on “Something about Puerto Rico

  1. I like Ellen Brown’s proposal better – that the ECB apply some of their quantitative easing to Greece. This is how the US addressed $16 trillion of bank debt – they simply created the money on a computer.

    The ECB has already embarked on this sort of debt purchasing program. In January, it announced it would purchase 60 billion euros of debt assets per month beginning in March, continuing to at least September 2016, for a total of €1.14 trillion of asset purchases. These assets are being purchased through “quantitative easing” – expanding the monetary base simply with accounting entries on the ECB’s books.

    The IMF estimates that Greece needs debt relief of €60 billion – a mere one month of the ECB’s quantitative easing program. The ECB could solve Greece’s problem with a few computer keystrokes.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s