Alejandro Garcia Padilla
Last quote by Alejandro Garcia Padilla
Alejandro Garcia Padilla quotes
On Monday there's going to be a non-payment. I don't think that we'll find $422 million in the next few days that we haven't found before. Although we're working with the creditors to come up with an agreement that would help us, I don't think there's anything on the table that would stop that non-payment. At this point, the ball is in Congress' court.
I have instructed our team and our advisors to present to our creditors' advisors ... the Commonwealth's proposal for a voluntary debt exchange. It is our every intent to protect the integrity of the process, and as such, we do not plan to negotiate the terms of our proposal publicly.
This is the battleground. It's not over until it's over.