Puerto Rico says it will not make bond payments due on Monday. The US territory is struggling with spiraling debt.
For those who took part in the referendum, the backing for Puerto Rico to become a US state was overwhelming. But only 23 percent of the island's 2.2 million voters turned out.
Puerto Rico has filed for court proceedings similar to a business bankruptcy after negotiations with creditors failed, pushing the territory towards the largest debt restructuring by a US state or local government.
Venezuela might look bad right now amid protests, scarce food and political turmoil. But analysts warn the worsening debt crisis could greatly exacerbate the dire situation - and possibly force a regime change.
The Greek government has started an auction of five-year sovereign bonds. The measure serves as a test run in preparation for the debt-ridden nation's return to capital markets. Major banks are handling the sale.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version