9 years ago
America’s Un-Greek Tragedies in Puerto Rico and Appalachia
On Friday the government of Puerto Rico announced that it was about to miss a bond payment. It claimed that for technical legal reasons this wouldn’t be a default, but that’s a distinction without a difference. So is Puerto Rico America’s Greece? No, it isn’t, and it’s important to understand why.
Continue Reading
http://www.nytimes.com
-
Puerto Rico Agency Poised to Default on $58 Million Bond Payment
The government doesn’t have the money for the $58 million of principal and interest that was due Aug. 1 on Public Finance Corp. bonds, Victor Suarez, the chief of staff for Governor Alejandro Garcia Padilla, said during a press conference July 31 in San Juan.
Join the Discussion