Puerto Rico can no longer make payments on its $73 billion in debt, according to Governor Alejandro Garcia Padilla, who warns the island is perilously close to entering a "death spiral"
"The debt is not payable ... there is no other option. This is not politics, this is math," Garcia Padilla told the New York Times in an interview published Sunday evening. "But we have to make the economy grow. If not, we will be in a death spiral."
Governor: Puerto Rico near 'death spiral' - Jun. 29, 2015
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