CSPAN Inter-American Dialogue Hosts A Discussion On Puerto Ricos Debt June 5, 2016
Good morning. Thank you all very much for joining us today. We are going to talk about a very serious and urgent situation confronting puerto rico, the home of 3. 5 million americans. The territorys economy as we read every day has been declining for a decade. It has accumulated huge debts that it cant possibly pay. Puerto rico owes 72 billion to investors, about 46 billion to Pension Funds. Started missing bond payments in january and is expected to default on nearly 2 billion payment due july 1st. That is roughly 100 of its Gross National product. Thousands of residents are leaving the islan...