Storms complicate Puerto Rico's debt problems

Storms complicate Puerto Rico's debt problems
 

The destruction in Puerto Rico caused by Hurricane Maria will exacerbate the economic problems facing the deeply-indebted Caribbean island.
Analysts said a chief risk is that the storm will accelerate the population decline on the island.
Puerto Rico's population has already fallen by more than 8% since 2010.
Puerto Rican Governor Ricardo Rosello warned on Monday of a "massive exodus" without federal aid for recovery.
In May, Puerto Rico declared a form of bankruptcy, seeking to restructure more than $70bn (£52bn) in debt.
Guarding against rapid flight is critical to sustaining... read more

 
26 September 2017 in Business, Views: 69
Source: BBC
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