Breaking News: Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ http://t.co/wZxZZW02VN
— The New York Times (@nytimes) June 29, 2015
Puerto Rico’s governor [Alejandro García Padilla], saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ (New York Times)