Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid. ‘Unpayable’
Governor Garcia Padilla stated : “The debt is not payable. There is no other option. I would love to have an easier option. This is not politics, this is math.” As a commonwealth, however, Puerto Rico does not have the option to declare themselves bankrupt. Most of the debt is […]
