Puerto Rico asking bondholders to accept payment moratorium, restructuring of $72 billion debt

June 30, 2015 4:25 AM

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Puerto Rico asking bondholders to accept payment moratorium, restructuring of $72 billion debt

A man in a local bar watches Puerto Rico’s governor Alejandro Garcia Padilla on television delivering an address on the state of the island's finances, in San Juan, Puerto Rico, Monday, June 29, 2015. The governor said that he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the island can't repay. (AP Photo/Ricardo Arduengo) (The Associated Press)

A woman walks in front of a closed down bank in the neighborhood of Rio Piedras in San Juan, Puerto Rico, Monday, June 29, 2015. The bills on the closed bank doors read in Spanish "No to the value added tax. Let the rich pay for the crisis." International economists released a critical report on Pue...

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