Central Falls, Rhode Island (Reuters) - Central Falls, in Rhode Island, is close to emerging from bankruptcy with a plan that hammers its retired municipal employees but leaves bondholders unscathed, in a contrast with other recent U.S. municipal bankruptcies. On Thursday, a state-appointed receiver overseeing the finances of the tiny, impoverished city is expected to win court approval for a plan that rescues Central Falls from financial collapse and should balance its budget for at least the next five years. Unlike the approach of some other U.S. ...
Source: http://news.yahoo.com/santander-hopes-raise-3-4-billion-euros-mexico-123022779--finance.html
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