Government Debt in Greece and Puerto Rico

 

Panelists talked about the debt crises in Greece and Puerto Ricoand the effects they could have on the Eurozone and the U.S. economies. Though the countries face similar economic challenges, the panelists noted how Greece’s position as a sovereign state and Puerto Rico’s position as a U.S. territory would affect their outcomes. Financial consultant Bert Ely predicted that Greece would leave the Eurozone and eventually be forced to leave the European Union. Panelists agreed that Congress needs to take a more active role in finding a solution for Puerto Rico’s crisis

“A Tale of Two Debt Crises: Is Puerto Rico America’s Greece?” was held at the American Enterprise Institute. 

Video link: Debt in Greece and Puerto Rico

Source: C-Span