Puerto Rico crisis drags on

Author: | Published: 11 Dec 2017

It hasn't been a great year for the Americas. It's a year that around 48% of voting US citizens would like to see stricken from the record, where corruption scandals continue to engulf Brazil and Venezuela has fallen further into despair. Mexico continues to wait tensely to see what will happen to Nafta and whether a somewhat controversial 3,200km wall will ever materialise along its northernmost border. But even with all the doom and gloom across the region, it is Puerto Rico that has arguably been hit the hardest, allegorically, physically and perhaps most damaging, financially.

In the June edition of IFLR, we took stock of the countless financial problems facing the US territory and likened its $70...