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Monday, January 25, 2016

Puerto Rico Debt Crisis: How Did We Get Here?

BBC News

Puerto Rico continues to struggle under a massive debt crisis and a
flagging economy. How did the situation get so bad? And what can
be done?

The situation has been dire for some time, with the semi-autonomous
US territory suffering from an economic recession for nearly a decade.

But alarm bells truly began ringing during the summer of 2015 when
Puerto Rico's governor, Alejandro Padilla, said that the island would
be unable to pay its bills...[CONTINUE READING]

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