Is Puerto Rico's Economy Going the Way of Greece and Detroit?

http://www.ipsnews.net/2014/04/puerto-rico-going-way-greece-detroit/

Is Puerto Rico Going the Way of Greece and Detroit?

By Carmelo Ruiz-MarreroReprint |       |  Print | Send by email

Electric utility workers of the UTIER labour union protest for safer workplace conditions. UTIER spearheads the fight against privatisation and against the Puerto Rico government's unpopular emergency economic measures. Courtesy of Photo Jam

SAN JUAN, Apr 15 2014 (IPS) - Puerto Rican society has been shaken to its foundations by the announcement in February by Standard & Poor’s and Moody’s credit rating agencies that they had downgraded the island’s creditworthiness to junk status.