What do we think about Puerto Rico's Default

Posted by $ Thoritsu 9 years ago to Economics
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Self governing territory will not set up austerity measures to address this long-foreseen problem.
What do we think about the issue?
Was it contributed to by being a territory vs state?
Can/should this show up on the 2016 election?
SOURCE URL: http://www.bloomberg.com/news/articles/2016-05-01/puerto-rico-will-default-on-government-development-bank-debt


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