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The Conversation USA

The Conversation USA

Is there life after debt for Puerto Rico?

  • Written by Brian Gendreau, Director, Latin American Business Environment program, University of Florida
imageShe certainly thinks so.Puerto Rico parade via www.shutterstock.com

For years Puerto Rico borrowed to offset falling revenues as its economy and population declined. This was never sustainable, and now the moment of reckoning has arrived.

In early May, Puerto Rico missed most of a $422 million debt payment, providing the catalyst for the U.S. House...

Read more: Is there life after debt for Puerto Rico?

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