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Commonwealth (U.S. insular area)

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Sarah Lazare - New report commissioned by bondholders and hedge fund managers calls for sweeping austerity measures

Hedge fund managers and bondholders are pressing the government of Puerto Rico to drive through a series of punishing austerity measures, including dramatic cuts to…
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Puerto Rico governor declares debts “not payable” By David Brown

On Sunday evening the governor of Puerto Rico, Alejandro García Padilla of the Popular Democratic Party, announced that the US commonwealth would need to restructure…
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