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Puerto Rico's Governor Says Creditors are Responsible for Helping Island Out of Debt Crisis
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03.07.2015
Puerto Rico's governor says creditors are responsible for helping the U.S. island out of its economic crisis because they lent money knowing the government was running a deficit.
Alejandro Garcia Padilla also sought to clarify comments recently published in The New York Times saying he believes Puerto Rico's $72 billion public debt is unpayable. He said Thursday the debt is not payable with the current state of the economy, which is in a nearly 9-year-old recession.
Alejandro Garcia Padilla also sought to clarify comments recently published in The New York Times saying he believes Puerto Rico's $72 billion public debt is unpayable. He said Thursday the debt is not payable with the current state of the economy, which is in a nearly 9-year-old recession.
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