In a televised speech, Gov. Alejandro Garcia Padilla announced that Puerto Rico will NOT make the May 1 or May 2 payment of $422 million to Wall Street bondholders.
The governor also denounced “a brutal campaign of racial discrimination and lies” waged by “opponents of the Puerto Rican people” during “the worst fiscal and humanitarian crisis in the history of Puerto Rico.”
Here is a video of the governor’s speech:
The governor insisted that the island must be allowed to re-structure its debt, and ended by telling Puerto Rico that “I will use all my resources to satisfy your needs.”
Since the Commonwealth government is broke, it is unclear what “resources” the governor will use, and what “needs” he expects to satisfy.
The New York Times immediately reported on the governor’s speech.
Meanwhile, thousands of people marched in San Juan yesterday (Sunday, May 1) to oppose the US Financial Control Board.
For a history of the War Against All Puerto Ricans, read the book…
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