A man drinks a beer in a local bar as he watches Puerto Ricos governor Alejandro Garcia Padilla on television delivering an address on the state of the island's finances, in San Juan, Puerto Rico, Monday, June 29, 2015. The governor said that he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the island can't repay.
A man drinks a beer in a local bar as he watches Puerto Ricos governor Alejandro Garcia Padilla on television delivering an address on the state of the island's finances, in San Juan, Puerto Rico, Monday, June 29, 2015. The governor said that he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the island can't repay. Ricardo Arduengo AP
A man drinks a beer in a local bar as he watches Puerto Ricos governor Alejandro Garcia Padilla on television delivering an address on the state of the island's finances, in San Juan, Puerto Rico, Monday, June 29, 2015. The governor said that he will form a financial team to negotiate with bondholders on delaying debt payments and then restructuring $72 billion in public debt that he says the island can't repay. Ricardo Arduengo AP

Puerto Rico governor calls for ‘restructuring plan’ amid crisis

June 29, 2015 10:48 AM

UPDATED June 29, 2015 09:46 PM

More Videos

  • ​Colombia's B-movie king wants to go global

    For 40 years Jairo Pinill has been been making low-budget horror and fantasy films in Colombia that have been panned by critics but embraced by his legion of fans. Now, as he prepares to receive a lifetime achievement award, he's also trying to make the country's first 3D movie.