On the first day of the confirmation process, the Fiscal Board asked for the judge’s endorsement, but unions and suppliers said the proposed debt restructuring plan should not be approved
On the first day of the confirmation process, the Fiscal Board asked for the judge’s endorsement, but unions and suppliers said the proposed debt restructuring plan should not be approved
The Fiscal Oversight Board yesterday asked U.S. District Judge Laura Taylor Swain to endorse the central government’s Plan of Adjustment (POA), a proposal that they alleged is based on the multiple legal and economic concessions that creditors made thanks to months of confidential negotiations led by the Mediation Team.
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