A number of recent events have come together to further accentuate the financial uncertainty involving the commonwealth of Puerto Rico and could lead to a disaster of momentous proportions.
The island’s financial fate has been tossed around by multiple government agencies on the U.S. mainland and in Puerto Rico, all of which are fueling greater uncertainty as to the future. With over $70 billion of bond debt coming due in the immediate future and the impending default based upon Puerto Rico’s inability to meet its obligations, something constructive must be done.
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