Puerto Rican governor says debts are 'not payable'

June 30, 2015 7:08 AM

53 0

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.

Also read: Report: Five drugs found in Tiger Woods system from DUI toxicology report

Read more

To category page

Loading...