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AGP: Puerto Rico in ‘Death Spiral’ and Can’t Pay $72B Debt

 Alejandro Garcia Padilla

The Commonwealth of Puerto Rico is at a crossroads. The governor, Alejandro García Padilla, noted in an interview late last week that the island simply could not pay all of its debts on time. He said that the government would therefore be asking for concessions from most if not all of its creditors, which could include…

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The Author

John McCarthy

John McCarthy

John McCarthy is primarily known for his investigative reporting on the U.S. Virgin Islands. A series of reports beginning in the 1990's revealed that there was everything from coliform bacteria to Cryptosporidium in locally-bottled St. Croix drinking water, according to a then-unpublished University of the Virgin Islands sampling. Another report, following Hurricane Hugo in 1989, cited a Federal Emergency Management Agency (FEMA) confidential overview that said that over 40 percent of the U.S. Virgin Islands public lives below the poverty line. The Virgin Islands Free Press is the only Caribbean news source to regularly incorporate the findings of U.S. Freedom of Information Act requests. John's articles have appeared in the BVI Beacon, St. Croix Avis, San Juan Star and Virgin Islands Daily News. He is the former news director of WSVI-TV Channel 8 on St. Croix.

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