Puerto Rico’s astronomical debt crisis is a complex issue made all the more daunting by the often-arcane lexicon employed in the finance world. But now help is on the way to understanding such terms as “haircuts” and “clawbacks.”
In an initiative designed to give the public a better grasp of the debt crisis, the civic organization Espacios Abiertos (Open Spaces) on Monday launched a digital Spanish-language dictionary devoted to words and phrases used in the public discussion of Puerto Rico’s fiscal debacle.