Puerto Rico can't pay its $72B public debt

June 29, 2015 6:33 AM

14 0

Gov. Alejandro Garcia Padilla issued the warning; he hopes to defer debt payments while negotiating with creditors

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.

Also read: Turkish court frees 1 journalist from prison, orders 4 held

Read more

To category page