The Crisis: At a Glance
7 Key Points on the Crisis
Puerto Rico is now officially in default after paying only US$628,000 of a US$58 million debt payment. This marks the first default in Puerto Rico's history. Puerto Rico owes about US$70 billion to its creditors. Its governor, Alejandro Garcia Padilla, has said the government cannot pay all of its debt. READ MORE
A Victim of US Colonialism
US Role in the Crisis
Puerto Rico looks set to miss a new deadline on payments regarding the island's US$72 billion debt. Despite the measures taken by local authorities, many are asking: who should really pay the staggering debt? READ MORE
Puerto Rico: The New Greece?
The humanitarian crisis ravaging Puerto Rico is a result of the "behavior from some creditor groups just as we saw in Argentina and Greece,” Jubilee USA's Eric LeCompte told teleSUR. READ MORE