Summers Sees Low Market Confidence in Puerto Rico Bonds
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Former U.S. Treasury Secretary Lawrence Summers said financial markets show a lack of confidence in Puerto Rico’s economy, with its bonds trading as the “junkiest of the junk.”
“There are profoundly serious financial issues facing Puerto Rico right now,” Summers said today at the Continuity Forum in Miami Beach, Florida. “How that’s resolved is a very important question for North America and for the Puerto Rican community.”