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A Puerto Rican flag found after Hurricane Maria. Photo by Joe Raedle/Getty Images

Puerto Rico’s Debt: The Crisis of a Modern Colony

October 21, 2018
by Juan Jimenez with No Comment International Law

Summary: Puerto Rico currently faces the most alarming financial crisis in its modern history: a bankrupt state unable to pay the more than $75 billion it owes as national debt, accompanied by a downward economic spiral of migration, high unemployment, and a shrinking labor market. Puerto Rico’s uni ...

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