28th July 2015
According to reports in the UK press, a group of hedge funds is demanding that Puerto Rico sacks teachers and closes schools, so that it can repay the huge debt it 'owes' them. The 34 hedge funds, who bought parcels of the country's debt, commissioned former International Monetary Fund economists to produce the proposals, which said that the country's education system was 'massively overspending.'.
The funds, otherwise known as vulture funds, are the same ones who made a killing in the 2008 fincancial crisis which spread cuts, austerity and misery through many parts of the world, as well as by speculating on Argentinian and Greek debt.
28th July 2015 | Mexico | corporate reform, performance pay
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20th July 2015 | Chile | corporate reform, performance pay