Puerto Rico

Puerto Rico1 post
30 Jun, 2015
0

Requests bankruptcy

Bankruptcy

Governor Padilla demands that the U.S. government allow Puerto Rico to access to Chapter 9 bankruptcy. Puerto Rico currently owes $73 billion that it is unable to pay and has one of the lowest possible credit ratings.

We cannot allow them to force us to choose between paying for our police, our teachers, our nurses, and paying our debt…We have to act now…Now is the moment for us to call on Washington for concrete action…It will be difficult, the size of this debt prevents us from getting out of the cycle of recession and contraction

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