Business

Ailing Puerto Rico open to radical economic fixes

By Danica Coto
Published April 11, 2014 4:04am ET
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Ailing Puerto Rico open to radical economic fixes
SAN JUAN, Puerto Rico (AP) — Slash the number of public holidays by two-thirds. Eliminate dozens of government agencies. Legalize marijuana and prostitution. From the intriguing to the impossible, there is no shortage of ideas for fixing Puerto Rico’s ailing economy as the government tries to dig out from a whopping $70 billion in public […]

SAN JUAN, Puerto Rico (AP) — Slash the number of public holidays by two-thirds. Eliminate dozens of government agencies. Legalize marijuana and prostitution.

From the intriguing to the impossible, there is no shortage of ideas for fixing Puerto Rico’s ailing economy as the government tries to dig out from a whopping $70 billion in public debt and bring back economic growth.

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Puerto Rico