Before meeting with lawmakers, Puerto Rico governor warns island can't pay $72B public debt

June 29, 2015 4:24 AM

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Before meeting with lawmakers, Puerto Rico governor warns island can't pay $72B public debt

SAN JUAN, Puerto Rico (AP) — The governor is warning that Puerto Rico can't pay its $72 billion public debt, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances.

Gov. Alejandro Garcia Padilla is hoping to defer debt payments while negotiating with creditors, spokesman Jesus Manuel Ortiz said Sunday night.

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