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PRI-PUERTO-RICO-STRUGGLES-WITH-IMPENDING-DEBT-CRISIS
SAN JUAN, PUERTO RICO - NOVEMBER 14: Antonia Arroyo sits on a bench on November 14, 2013 in San Juan, Puerto Rico. After working for the Municipality of San Juan for 35 years she lives of her 500 dollar a month government pension. The Government remains the largest employer in Puerto Rico and can only service about 11 percent of the pension costs out of it's budget. This year the Government cut Christmas bonuses for pensioners from 600 dollars to 200. Antonia said that as it is she has a hard time making ends meet. The island-territory of the United States is on the brink of a debt crisis as lending has skyrocketed in the last decade with the government issuing municipal bonds mostly to finance pensions. Market analysts have rated those bonds as junk and suspect it's 70 billion dollar debt might be unserviceable in the near future. Christopher Gregory/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
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Detalii fotografie |
| Loc: |
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San Juan, PUERTO RICO |
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| Sursa: |
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AFP / Mediafax Foto |
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| Fotograf: |
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Christopher Gregory |
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| Data: |
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15 Noiembrie 2013 |
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| Dimensiuni: |
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3500 x 2333 (1.18 MB) |
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