{"id":38952,"date":"2014-08-25T14:49:43","date_gmt":"2014-08-25T18:49:43","guid":{"rendered":"http:\/\/hispanicprwire.com\/?p=38952"},"modified":"2014-08-25T14:58:42","modified_gmt":"2014-08-25T18:58:42","slug":"declaracion-del-dr-robert-shapiro-respecto-de-los-recientes-desarrollos-en-las-negociaciones-entre-doral-y-puerto-rico","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/declaracion-del-dr-robert-shapiro-respecto-de-los-recientes-desarrollos-en-las-negociaciones-entre-doral-y-puerto-rico\/","title":{"rendered":"Statement by Dr. Robert Shapiro Regarding Recent Developments in the Negotiations Between Doral and Puerto Rico"},"content":{"rendered":"<p><html><br \/>\n  <head><br \/>\n    <META http-equiv=\"Content-Type\" content=\"text\/html; charset=utf-8\"><\/META><\/p>\n<style type=\"text\/css\">\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}<\/p>\n<p>BODY {\nFONT-SIZE: 0.83em; COLOR: black; FONT-FAMILY: \"Arial\"\n}\nA {\nCOLOR: blue\n}\n#divWide\n{\nmargin:0;\nmargin-top:1.33em;\n}\nLI {\nFONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: \"Arial\"\n}\n<\/style>\n<p><\/head><br \/>\n  <body topmargin=\"0\" leftmargin=\"0\"><br \/>\n    <\/p>\n<div id=\"divHeadline\" style=\"width:800px;margin-left:10pt\">\n      <!-- #Begin headline --><\/p>\n<p style=\"TEXT-ALIGN: center\">\n        <b>Statement by Dr. Robert Shapiro Regarding Recent Developments in the Negotiations\u00a0Between\u00a0Doral and Puerto Rico <\/b>\n      <\/p>\n<p>Shapiro to Release New Study on Puerto Rico&#8217;s Ailing Economy during Media Teleconference Tomorrow\u00a0<\/p>\n<p>      <!-- #End headline -->\n    <\/div>\n<div id=\"divBody\" style=\"width:800px;margin-left:10pt\">\n      <!-- #Begin release --><br \/>\n<!-- #Begin Wide Release --><\/p>\n<div id=\"divWide\">\n<p>WASHINGTON, Aug. 25, 2014 \/PRNewswire-HISPANIC PR WIRE\/ &#8212; In response to recent developments in negotiations between Doral Financial Corporation and the Treasury Department of Puerto Rico, the noted economist Dr. Robert Shapiro, an advisor to Doral, had this to say:<\/p>\n<p>&#8220;It&#8217;s an expensive proposition for Puerto Rico to renege on its agreements, and the government should honor its agreement with Doral so that it can resolve this matter and restore some credibility with financial markets.&#8221;<\/p>\n<p>In a forthcoming analysis, Dr. Shapiro concludes that the Treasury Department&#8217;s moves to abandon a tax agreement with Doral have already imposed new costs on Puerto Rico through its lower bond ratings; and if the dispute contributes to a debt default by the Commonwealth, that will cost the Island and its citizens much more in lost investment, slower economic growth, and reduced revenues than simply paying Doral what the company is owed.\u00a0 Dr. Shapiro will outline this analysis on a call tomorrow. <\/p>\n<p>DATE: Tuesday, August 26, 2014<\/p>\n<p>TIME: 11:00 a.m. EDT<\/p>\n<p>SPEAKER: Dr. Robert Shapiro, Co-founder of Sonecon; former U.S. Undersecretary of Commerce for Economic Affairs<\/p>\n<p>DIAL-IN: 866-952-1908; Conference ID: DORAL<\/p>\n<p>RSVP:\u00a0Ted Greener (<a href=\"mailto:tgreener@dcigroup.com\" target=\"_blank\">tgreener@dcigroup.com<\/a>; 202-572-6209)<\/p>\n<p>Doral Financial Corporation is a bank holding company engaged in banking, mortgage banking and insurance agency activities through its wholly-owned subsidiaries Doral Bank, with operations on the mainland U.S. (New York metropolitan area and northwest region of Florida) and Puerto Rico. Doral Financial Corporation&#8217;s common shares trade on the New York Stock Exchange under the symbol DRL. This briefing is supported by Doral Financial Corporation Additional information about the case of Doral Financial Corporation against the Government of Puerto Rico can be found at <a href=\"http:\/\/www.doralpuertoricofacts.com\/\" target=\"_blank\">www.DoralPuertoRicoFacts.com<\/a>. <\/p>\n<\/div>\n<p><!-- #End Wide Release --><\/p>\n<div id=\"divMediaContact\">\n<\/p>\n<\/div>\n<p><!-- #End release --><\/div>\n<p>\n  <\/body><br \/>\n<\/html> <\/p>","protected":false},"excerpt":{"rendered":"<p>Statement by Dr. Robert Shapiro Regarding Recent Developments in the Negotiations\u00a0Between\u00a0Doral and Puerto Rico Shapiro to Release New Study on Puerto Rico&#8217;s Ailing Economy during Media Teleconference Tomorrow\u00a0 WASHINGTON, Aug. 25, 2014 \/PRNewswire-HISPANIC PR WIRE\/ &#8212; In response to recent developments in negotiations between Doral Financial Corporation and the Treasury Department of Puerto Rico, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-38952","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/38952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=38952"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/38952\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=38952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=38952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=38952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}