Puerto Rico governor says island can’t pay its public debt

#AceFinanceNews:Headlines:June.29: Puerto Rico owes $72-billion and counting:


SAN JUAN, Puerto Rico (AP) – The governor is warning that Puerto Rico can’t pay its $72 billion public debt, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece’s collapsing finances.

Gov. Alejandro Garcia Padilla is hoping to defer debt payments while negotiating with creditors, spokesman Jesus Manuel Ortiz said Su…

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