Petro insists that all bankrupt EPS must be liquidated, can he do it?
During a cabinet meeting this March 16, President Gustavo Petro reiterated that all bankrupt EPS must be liquidated. "All EPS that are bankrupt will be liquidated, inside or outside, we no longer have alternatives," he stated.
TL;DR
- President Gustavo Petro insists that all bankrupt EPS must be liquidated.
- He blames Congress for not approving his health reform and questions a court's decision to suspend a decree transferring users.
- Petro plans to reintroduce the health reform and a tax reform in July.
- The President has the legal power to liquidate EPS, but it poses risks to the system.
- The State Council has ruled that EPS can use funds from previous years to cover old debts, but this is a possibility, not an obligation.
- Intervened EPS collectively have a negative equity of $14 trillion, making correction difficult without new investment.
- There are concerns that liquidating EPS could lead to a chaotic reallocation of users, as seen with Saludcoop.
- The article suggests Petro's statements might be pressure tactics or public commentary.