Largest Government Insolvency in US History Hits Puerto Rico Hard

Things are not looking all that great for Puerto Rico right now. The region has suffered from major financial turmoil as of late, and it looks like things will only get worse.It is not surprising the region is taking such a major hit, although very few people had expected things to get so dire quickly. The local government is bankrupt, which could spell disaster for everyone living in the region.

It is never good to learn a government has gone bankrupt. Although Puerto Rico has dealt with financial hardship for some time now, things are spiraling out of control very quickly. The country has nothing left, as there seems to be no reason to go to work anymore. It is not impossible to think the entire nation will come to a standstill if nothing is done.

Curtain Call For Puerto Rico

Local business owners are incredibly concerned by the way things are evolving right now. This event marks the largest government insolvency in the history of the United States. Puerto Rico cannot pay its US$123bn debt, and the region is now looking to receive bankruptcy protection. This

Read more ... source: LiveBitcoinNews

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