July 2, 2015

Puerto Rico Debt Due Today; Governor Says Its Unpayable

Puerto Rico's US$73 billion debt comes due today, but Governor Alejandro Garcia Padilla says it is unpayable and calls for a moratorium and renegotiation with creditors.

A government report authored by former World Bank official Anne Krueger and other advisers urges the adoption of harsh austerity measures as a way out of the impasse. Working People's Party leader Rafael Bernabe reports from San Juan.


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