NEW YORK, June 29 (Reuters) – Puerto Rico is “insolvent” and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit.
Here's why Greece's military budget is projected to grow in 2015 — despite the country's economic mayhem
Racked by financial woes since 2008, Greece has all but defaulted on its loans after the failure of talks with with the European Union and its various creditors. The country is heading towards a high-stakes referendum next week that could result in the country eventually leaving the Eurozone. Still, despite Greece’s staggering economic problems, the country has consistently maintained one of the highest defense expenditures as a percentage of GDP in all of Europe…
Finance consistently, defense, europe, eurozone, eventually, expenditures, high-stakes, highest, leaving, maintained, percentage, problems, referendum, result, staggering