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MercoPress, en Español

Montevideo, April 25th 2024 - 16:44 UTC

Tag: United States bond market

  • Monday, June 29th 2015 - 05:58 UTC

    Greece in the Caribbean: Puerto Rico admits it's broke and can't pay debts

    “The debt is not payable,” governor García Padilla said. “There is no other option. I would love to have an easier option. This is not politics, this is math.”

    Puerto Rico’s governor Alejandro Garcia Padilla has admitted that the island cannot pay its roughly $72 billion dollars in debts, an admission that will probably have wide-reaching financial repercussions beginning Monday. Last week the governor and his top staff anticipated they would seek significant concessions from the island’s creditors.