Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Public debt map
Puerto Rico governor says island can't pay its public debt
Star-Herald - 6/29/2015 8:38:40 AM
The governor warned that Puerto Rico can't pay its $72 billion public debt as international economists release a critical report on the island's economy, delivering another jolt to the recession-gripped U.S. island as well as a world financial system ...
The Other World Debt Crisis, This One Closer To Home
WTNH - 6/30/2015 10:32:01 AM
Puerto Rico's governor believes the U.S. territory's $72 billion public debt is unpayable, his spokesman confirmed ... (AP Photo/Ricardo Arduengo, File) (WTNH) With the eyes of the financial world on Greece as the European nation slouches toward default ...
Puerto Rico governor says island can't pay its $72 billion public debt
New York Daily News - 6/29/2015 8:45:50 AM
SAN JUAN, Puerto Rico — The governor warned that Puerto Rico can't pay its $72 billion public debt on the eve of a private Monday meeting with legislators, delivering another jolt to the recession-gripped U.S. island as well as a world financial system ...
US Stocks Hold Steady as Investors Follow Greek Debt Drama
New York Times - 6/30/2015 12:33:42 PM
NEW YORK — U.S. stocks were holding steady in midday trading as investors followed the latest attempts by the Greek government and its creditors to reach a deal just hours before the country ... debt payments and then restructuring $72 billion in public ...
Another fine debt crisis
The Economist online - 6/30/2015 10:24:51 AM
“The public debt…is unpayable,” he admitted in an address on June 29th. He announced he would seek to restructure the territory’s liabilities. “It is time for lenders to join the table of sacrifices.” Of course, in most of the world, Mr García ...
Only solution for Greece and world is debt forgiveness, international Glass-Steagall
Lankaweb - 6/30/2015 3:39:49 PM
As the Greek crisis reverberates around the world, important European leaders are ... the organisation of a European conference to agree [to] debt cancellation for Greece and other countries that need it, informed by debt audits and funded by recovering ...
Puerto Rico, crushed by debt, seeks moratorium
MENAFN - 6/30/2015 6:07:10 AM
Current debt unsustainable - On Monday, the government released a study by ex-officials of the International Monetary Fund and the World Bank that says Puerto Rico's debt load is unsustainable and needs to be rescheduled. The country's "true fiscal deficit ...
Puerto Rico can't pay its debt, governor says. How will it impact investors? (+video)
The Christian Science Monitor - 6/30/2015 12:52:12 AM
As the world watches with ... Puerto Rico now has more debt per capita than any state in the country, and the resulting economic hardships have led to a mass exodus from the island to the mainland. Now the government’s Public Finance Corporation, which ...
Puerto Rico says it is being crushed by debt, low growth
Yahoo News - 6/29/2015 9:17:27 PM
On Monday the government released a study by ex-officials of the International Monetary Fund and the World Bank that says Puerto Rico's debt load is unsustainable and needs to be rescheduled. The country's ... weak public finances fuel investor wariness ...
Midday Roundup: Greece slides toward debt default
World - 6/30/2015 11:43:36 AM
Greek Finance Minster Yanis Varoufakis said his country does not intend to make the debt payment it owes international and ... Ready to get unlimited access to all of WORLD’s member content? Get your risk-free, 30-Day FREE Trial Membership right now.
In Televised Address, Puerto Rico’s Governor Says Island’s Debt Is “Unpayable”
latindispatch.com - 6/30/2015 10:24:51 AM
Alejandro García Padilla said that Puerto Rico’s $73 billion public debt is “unpayable ... former officials at the World Bank and International Monetary Fund, which called for a restructuring of Puerto Rico’s debt on terms more favorable to ...
IMF: austerity measures would still leave Greece with unsustainable debt
theguardian.com - 6/30/2015 5:27:12 PM
The documents, drawn up by the so-called troika of lenders, support Greece’s argument that it needs substantial debt relief for a lasting economic recovery. They show that, even after 15 years of sustained strong growth, the country would face a level of ...
Greek private debt holders ride out public strain
Reuters - 6/30/2015 3:29:41 AM
But for hedge funds invested in Greece's private debt, such as New York-based Greylock Capital Management, the bet is the country will make good on its ... which manage trillions of dollars of assets across the world and for whom the overall weight of ...
Greece teeters toward debt default as E.U. spurns new bailout bid
Washington Post - 6/30/2015 3:25:30 PM
“Greece is fully committed to servicing its external debt in a manner that secures ... who leads the group of 19 finance ministers of euro zone countries. [Grim prospects in Greece but modest fallout around the world] The request was for a two-year ...
Greek Debt Crisis Spirals Toward Default
On Point - 6/29/2015 5:57:01 PM
Greece closes its banks as debt ... public debt as international economists released a critical report Monday on the island’s economy. The news from Gov. Alejandro Garcia Padilla delivered another jolt to the recession-gripped U.S. island, as well as a ...