Puerto Rican governor says debts are 'not payable'

June 30, 2015 7:08 AM

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Puerto Rican governor says debts are 'not payable'

Puerto Rico's governor is preparing to inform the rest of the US commonwealth that it cannot pay its $72bn (€64bn) debts.

Alejandro Garcia Padilla's admitted as much in an interview with the New York Times - a move which rattled stock markets and knocked 10% off prices of Puerto Rican bonds.

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