Antonio Weiss, counselor to the secretary of the US Treasury, discussed Puerto Rican debt at the Peterson Institute for International Economics on December 9, 2015. Institute speakers Anna Gelpern, nonresident senior fellow, and Douglas Rediker, visiting fellow, provided their own perspectives on the Treasury's approach and alternative responses to the growing debt crisis there.
Weiss has served as counselor to the secretary of the US Treasury since January 2015. He was previously head of investment banking for Lazard, a global financial advisory and asset management firm.
Gelpern is professor of law at Georgetown University. She is a fellow at the George Washington University Center for Law, Economics & Finance. She has held faculty appointments at the American University Washington College of Law, Rutgers School of Law–Newark, and the Rutgers University Division of Global Affairs, and visiting appointments at Harvard Law School and University of Pennsylvania School of Law. She was an International Affairs Fellow at the Council on Foreign Relations, served in legal and policy positions at the US Treasury Department, and practiced law with Cleary Gottlieb Steen & Hamilton in New York and London.
Rediker is a visiting fellow at the Peterson Institute. From 2010 to 2012, during the height of the euro crisis, he represented the United States on the executive board of the International Monetary Fund. He previously served as the chairman and vice chairman of the World Economic Forum's (WEF) Global Agenda Council on Geopolitical Risk and currently serves as a member of the WEF's Global Agenda Council on Geo-economics. He ran emerging-market businesses for several major financial institutions, including Salomon Brothers and Merrill Lynch, and spent almost two decades in Europe, including during the post-communist transition. He began his career as an attorney at Skadden Arps in New York and Washington.
Prepared Remarks: Counselor Antonio Weiss at the Peter G. Peterson Institute for International Economics
December 9, 2015