Puerto Rico faces crunch-time decisions on reform, restructuring

June 30, 2015 7:20 AM

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Puerto Rico’s governor, following a damning report by former IMF staffers about the U.S. Commonwealth’s financial stability, faces tough decisions on brutal reforms and a possible debt restructuring to relieve the island’s US$73-billion debt burden.

Governor Alejandro Garcia Padilla said on Monday that over the next week, leaders would host meetings and briefings and tell citizens the steps the Commonwealth is taking to address Puerto Rico’s problems.

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