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Latin American Economy & Business - January 2016 (ISSN 1741-7430)

Puerto Rico: The stakes rise in the debt crisis

As of 22 January 2016, three bond insurers have initiated legal moves against the administration of Governor Alejandro García Padilla to prevent the diversion of funds from government-backed entities to repay interest and principal on the General Obligations (GO) and other securities issued by the government itself.

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