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Antonio Weiss
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thumb|Antonio Weiss
Antonio Francesco Weiss (born September 28, 1966) is an American investor, policymaker, and former publisher. He is a senior fellow at the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School. Weiss served as the Counselor to the Secretary of the US Treasury from January 2015 to January 2017 where he advised on domestic and international issues, including financial markets, regulatory reform, job creation, and fostering broad-based economic growth. In 2016, Weiss led the Obama Administration's response to the financial crisis in Puerto Rico and helped broker the Puerto Rico Oversight, Management, and Economic Stability Act.
Quotes
"Puerto Rican Debt"
"Puerto Rican Debt", C-SPAN (February 5, 2016)
There is a palpable sense of fear and a justifiable expectation on the part of our fellow citizens in Puerto Rico that we, collectively…will act as we have have always acted when there is a crisis that affects Americans, which is to do what's necessary to stem the crisis, to protect the people, and to allow the economy to continue on the path toward growth.
The markets are telling us what we already know - that the debts are unsustainable.
A special legislative act is required tailored to the territories…Puerto Rico today, because of its status as a territory…has a completely different relationship with the federal government than any city or any state, and this affects its funding, this affects the rule of law that is in place, and we say that Puerto Rico deserves the tools it needs to restructure its debt...It's emergency legislation to deal with an emergency situation.
For the commonwealth, with its self-governing status, it is our strong belief that any oversight must…leave the self-governance in place.
Beyond repaying the debt, there's a whole set of initiatives that is critical. The economy needs greater investment…the gross inequities of Puerto Ricans in the healthcare system need to be remedied.
We are talking about a..financial crisis in unprecedented terms both in scale and complexity.
We are talking about stemming the near-term crisis, but what we really need to do is put Puerto Rico back on the path towards growth.
"Antonio Weiss on Puerto Rican Debt", Peterson Institute for International Economics (December 9, 2015)
Puerto Rico's debt is unusually complex, with 18 different but interrelated issuers. There are an even larger number of creditor groups with conflicting interests.
External links
Category:Businesspeople from the United States
Category:Government officials
Category:Democratic Party (United States) politicians
Category:Harvard University alumni
Category:Yale University alumni
Category:1966 births
Category:Living people