International report

Puerto Rico's debt crisis

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Puerto Rico's flag
Puerto Rico's flag Reuters/Alvin Baez

The semi-autonomous American island of Puerto Rico is in a lot of debt (65 billion euros). It can no longer pay back its creditors and essential services are in danger of being cut in hospitals and schools. The US government wants to take control of the island’s finances – while in Puerto Rico the territory’s governor has said they will stop paying back some of the debt.