The government of Puerto Rico announced the suspension of the payment of the public debt of $ 422 million after unsuccessful completion of the negotiations on the possibility of easing the economic crisis in the country, according to “Bi-bi-si».
The Governor Alejandro Garcia Padilla said in a televised address that he had issued a decree on suspension of payments on the debt.
«Let me be very clear, this was a painful decision. We would prefer to have a legal basis for the restructuring of our debt in an orderly manner “, -. It
I said Padilla also said that the failure of the debt can cause lawsuits from creditors. It is noted that the $ 1.9 billion debt the country has to pay in July.
It was reported earlier that US President Barack Obama appealed to Congress with a proposal to save from Puerto Rico default, has the status of a free acceding territory .
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