San Juan • Puerto Rico’s governor said Thursday that creditors are responsible for helping the U.S. island out of its economic crisis because they lent money knowing the government was running a deficit.
Gov. Alejandro Garcia Padilla also sought to clarify comments recently published in The New York Times saying he believes Puerto Rico’s $72 billion public debt is unpayable.
“What we’re saying is, and I ask that you pay attention to the full sentence, that with the current level of economic growth, the debt is not payable,” he told reporters, alluding to the island’s nearly 9-year-old recession.
They were Garcia’s first public comments since a televised address Monday in which he announced that he would seek to postpone debt payments.