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

June 29, 2015 6:33 AM

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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: Puerto Rico seeks court's help to save public pension system

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