June 29, 2015 at 5:35 pm
#42103
Now the governor of Puerto Rico has just come out and said, “We can’t pay our debt.” This one is real close to home, and a lot of people own Puerto Rican debt without realizing through their mutual funds. The governor is asking the creditors to forgive some of the debt because his people can’t shoulder anymore pension cuts and higher taxes. Does this sound vaguely familiar?
Free: My guess says Spain or Italy is next.