WelfareQueen
Diamond Member
Well.....
We all know Greece is effectively bankrupt. Per reports Italy, Spain, and Portugal are close behind. Gee....isn't socialism great.
Apparently, our neighbor to the south....Puerto Rico is close to default.
"The governor warned that Puerto Rico can't pay its $72 billion public debt on the eve of a private Monday meeting with legislators, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances.
Puerto Rico's situation has drawn comparisons to Greece, where the government decreed this weekend that banks would be shuttered for six business days and restrictions imposed on cash withdrawals. The country's five-year financial crisis has sparked questions about its continued membership in the 19-nation shared euro currency and the European Union."
Puerto Rico governor says island can t pay its public debt - Yahoo News
We all know Greece is effectively bankrupt. Per reports Italy, Spain, and Portugal are close behind. Gee....isn't socialism great.
Apparently, our neighbor to the south....Puerto Rico is close to default.
"The governor warned that Puerto Rico can't pay its $72 billion public debt on the eve of a private Monday meeting with legislators, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances.
Puerto Rico's situation has drawn comparisons to Greece, where the government decreed this weekend that banks would be shuttered for six business days and restrictions imposed on cash withdrawals. The country's five-year financial crisis has sparked questions about its continued membership in the 19-nation shared euro currency and the European Union."
Puerto Rico governor says island can t pay its public debt - Yahoo News