Puerto Rico Governor Confirms Imminent Default – Live Feed

by Tyler Durden
ZeroHedge.com
12/30/2015

Puerto Rico governor Alejandro Garcia Padilla is set to address the island’s debt problem at a press conference on Wednesday.

Nearly $1 billion comes due on Friday, some $330 million of which is GO debt. Because a full payment is next to impossible, Padilla must decide who gets paid and who doesn’t.

In what’s starting to feel a bit like the Greek saga that unfolded over the summer, Puerto Rico is facing another “D-Day” on January 1 when nearly $1 billion is due to creditors.

The Rest…HERE

This entry was posted on Wednesday, December 30th, 2015 at 2:10 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.