◀ The Principal Blog

Posts tagged ‘debt’

Puerto Rico Defaults



This week, the downward spiral has been put in motion as Puerto Rico halted deposits into the fund that pays its general-obligation and one of its agencies defaulted for the first time. The missed $58 million bond payment is a fraction of the U.S. Commonwealth’s $72 billion debt. Investors should…

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Greece, Europe: A Deal or an Ordeal?



The “deal” reached between Greece and its European creditors that was announced early on 13 July will likely be enough to keep Greece using the euro as its currency for a while longer. That said, the deal is unlikely to stick together politically, on either side, for its full nominal three…

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