We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Tempting rescue

17 September 2013 By Martin Hutchinson

The island economy, beset by lost tax breaks, a construction bust and youth emigration, has suffered a 20 pct fall in GDP since 2006. Without a swift recovery, its $70 bln of bonds are in danger. It’s not too big to fail and Washington risks muni moral hazard with a rescue.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)