Greece is not the only one in hot water. Puerto Rico's long-simmering debt crisis (its $72B debt equals nearly 70% of its economic output) is about to come to a boil.
The commonwealth’s governor, Alejandro García Padilla, is expected to lay out in a speech on Monday next steps that could include calls for significant concessions from the island's creditors.
Many also anticipate Puerto Rico's electricity provider, which has borrowed $9B, to miss a payment to creditors this week, in what would be one of the largest municipal defaults ever.
Puerto Rico debt crisis reaches tipping point
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