The Trump administration dismisses most on a federal board overseeing Puerto Rico’s finances
San Juan, Porto Rico (AP) – Trump Administration dismissed five out of seven members Porto Rico’s Federal Control Board This controls the finance of the US region and reveals concerns about the future of the island. fragile economy. Five people fired democrats.
A White House official Associated Press said in a statement on Tuesday that the board of directors has been running around inefficient and ineffectively by the management members and regaining the common sense leadership. ”
Arthur Gonzalez, Chairman of the Board of Directors of the Board of Directors, with Cameron McKenzie, Betty Rosa, Juan Sabater and Luis Ubiñas. The remaining two members of the Board – Andrew G. Biggs and John E. Nixon – Republicans.
Santiago, a spokesman for the Board of Directors, said that they are in contact with the White House.
The Board was created Under Obama administration in 2016One year after explaining that Porto Rico’s government could not pay more than 70 billion dollars of public debt burden and then applied The largest municipal bankruptcy in the history of USA.
In a statement to the EP, the White House official claimed that the Board was ineffective and secretly operating and said, “Law, counseling and lobbying companies,” he said. Speaking on the condition of anonymity to discuss the issue, the authority accused the staff of the Board of receiving “exorbitant salary”.
Porto Rico is struggling to reconstruct more than $ 9 billion -dollar debt kept by the state’s electric power administration. Painful mediation with creditors demands full payment.
The only Porto Rico government debt waiting to be a restructuring accusing the White House Official Board of “extending ölüm öğretim.
In February, the General Manager of the Board of Directors Robert Mujica Jr. Porto Rico’s payment of 8.5 billion dollars “impossible” Bond holders demand. Instead, he announced a new financial plan that proposes a payment of $ 2.6 billion for creditors. The plan does not require any ratio increase for an island with one of the highest power bills in the field of US authority. Chronic power outages continueConsidering the weak infrastructure of the grill.
Alvin Velázquez, a professor of bankruptcy law at the University of Indiana, said that the dismissal of members of the board of directors may cause another crisis in Porto Rico.
“This is really about Porto Rico’s non -sustainable agreement for those who pay wages.”
During the bankruptcy procedures, Velázquez, former president of the Unbelievers Committee, questioned whether the dismissal was legal, because the members of the board of directors can only be removed only for reason.
“What is the reason?” he said. “What you see is another example that the Trump administration undertakes and tested the courts.”
The layoffs were first reported by Breitbart News Network, a conservative news site.
