Monday, June 29, 2015

Puerto Rico governor says island can't pay public debt - Business Insider

Puerto Rico governor says island can't pay public debt - Business Insider: "Puerto Rico's governor is warning that the island can't pay its $72 billion public debt, delivering another jolt to the recession-gripped US territory as well as a world financial system already worrying over Greece's collapsing finances. Gov. Alejandro García Padilla is hoping to defer debt payments while negotiating with creditors, spokesman Jesus Manuel Ortiz said Sunday night. "There is no other option," García said, according to The New York Times. "I would love to have an easier option. This is not politics; this is math.""

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