Transcripts for CNN CNN Newsroom Live 20150802 08:24:00 : vi

CNN CNN Newsroom Live August 2, 2015 08:24:00

of the mainland united states. earlier our john mann spoke to arturo a professor of international economics at american university. here's what he said about comparing the u.s. territories financial problems to those being faced in greece. listen. >> puerto rico owes a lot of money. in fact it ranks right after california in the state of new york as the third largest debtor municipal debtor in the united states. we're talking about a lot of money. but surely none of the leading banks are in jeopardy. surely nobody is going to sell the dollar because puerto rico is not paying its debt. and nobody is going to question the integrity of the economic and monetary union of the united states that we had for two centuries. and then some. so in terms of impact on the markets on the psyche it won't be the same. >> what about impact on puerto rico itself?

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