Articles by Juan González – The Intercept
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Puerto Rico’s $123 Billion Bankruptcy Is the Cost of U.S. Colonialism
Juan González – The Intercept,
15 May 2017
9 May 2017 – Last week Puerto Rico officially became the largest bankruptcy case in the history of the American public bond market. The Caribbean territory’s–that many have dubbed America’s Greece–total debt is unprecedented for any government insolvency in the U.S. Detroit’s bankruptcy, by comparison, involved just $18 billion — one-ninth the size of Puerto Rico’s.
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