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"The debt is not payable," García Padilla said.
Puerto Rico's governor, Alejandro García Padilla, conceded in late June that the island's debt is "not payable" in its current form.
The declaration by Puerto Rico's governor, Alejandro García Padilla, on Monday that the island's $72-billion 72-billionot payable" was stating the obvious.
Puerto Rico's financial woes have received increased attention in recent weeks, thanks in part to comments from the commonwealth's governor, Alejandro Garcia Padilla, who said the island's "debt is not payable".
Similar(56)
The roughly $70 billion in debt remaining is not payable, according to the Puerto Rican government. .
Post-bankruptcy debts incurred by the debtor are not payable from the estate.
It is not payable until her release.
Government guidelines state Disability Living Allowance (DLA) is not payable after the first 84 days in hospital.
But debt is not morally neutral.
This debt is not serviceable.
Puerto Rico failed to make a $58 million bond payment in full on Monday, sending the US territory into default a month after its governor declared that the roughly $72 billion in public debt that it owes was not payable.
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