f

Debt fight clouds Puerto Rico’s economy

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/bf55428e-5ba5-11e5-a28b-50226830d644.html#ixzz3lvf6MdRl

The debt travails of Puerto Rico, have been bubbling all summer and unfortunately for the island’s battered economy, bond holders are girding for a lengthy legal tussle.

Last week, Alejandro García Padilla, the governor of Puerto Rico, which is a territory of the US, called on the island’s creditors to come to the negotiating table after the government unveiled reforms designed to revitalise its struggling economy, urging them to talk rather than reach for their lawyers.

What do you think?