Debt Crisis Worsens as Puerto Ricans Fear the Worst

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Debt Crisis Worsens as Puerto Ricans Fear the Worst

The financial crisis of the U.S. commonwealth of Puerto Rico continues to worsen, raising fears among investors about the island's $72 billion of debt, meanwhile citizens are fearing the worst, following statements by the Governor Alejandro Garcia Padilla, who has said that the island couldn't pay its debt.

A vendor pulls his ice cream cart past beachgoers on La Peña del Perro beach in San Juan, Puerto Rico, July 18, 2015. While other Caribbean islands have witnessed a steady growth of tourism, the debt crisis in Puerto Rico has contributed to the stagnated tourism industry. Photo:Reuters

Pedestrians pass an abandoned hotel in the tourist area of San Juan, Puerto Rico, July 18, 2015. Photo:Reuters

Caretaker Osvaldo "Papo" Marrero looks out from a window of the luxury Normandie Hotel, closed since 2008, in San Juan, Puerto Rico, July 18, 2015. While other Caribbean islands have witnessed a steady growth of tourism, the debt crisis in Puerto Rico has contributed to the stagnated tourism industry. Photo:Reuters

Tourists react to a flock of pigeons as they visit Parque de las Palomas in San Juan, Puerto Rico, July 18, 2015. While other Caribbean islands have witnessed a steady growth of tourism, the debt crisis in Puerto Rico has contributed to the stagnated tourism industry. Photo:Reuters

A view of the empty swimming pool and the outside of the luxury Normandie Hotel, closed since 2008, in San Juan, Puerto Rico, July 18, 2015. Photo:Reuters

A worker removes the casino sign of the Condado Plaza Hotel after a spokesman announced that the casino is closing, in San Juan, Puerto Rico July 22, 2015. Photo:Reuters

Published 30 July 2015