Puerto Rico governor says US territory 'can't pay $72bn debt'

June 29, 2015 6:27 PM

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Puerto Rico governor says US territory 'can't pay $72bn debt'

Puerto Rico's governor has said the US territory cannot pay its $72bn (£45bn) debt and is close to defaulting ahead of emergency talks with legislators.

Governor Alejandro Garcia Padilla admitted the island was close to an economic "death spiral", in an interview with the New York Times.

Also read: New York Times seeks apology from ‘Fox & Friends’

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