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Puerto Rico: Thousands of Public Workers Protest Austerity Plan

HeadlineSep 14, 2015

In Puerto Rico, thousands of public sector workers protested Friday against an austerity plan proposed to address the commonwealth’s debt crisis. The plan would raise the tuition at University of Puerto Rico, contract for-profit companies to run public roads and ports, and freeze collective bargaining agreements. In return, the plan calls for debt restructuring that would require hedge funds and other creditors to voluntarily accept reduced payments.

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