For every dollar PR collects in taxes, 33¢ of each dollar, goes to pay debt. There is no money even to pay people that retired with a government pension. How do the banks think that PR will be able to repay a debt that is greater than what PR is able to pay, even if allowed to go bankrupt? Puerto Rico Moving Closer to Deal With Some Bank Bondholders – Bloomberg

http://www.bloomberg.com/news/articles/2016-04-22/puerto-rico-strikes-tentative-deal-with-some-bank-bondholders

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