Tuesday was a moment of truth for Puerto Rico, as the island’s creditors were unsure whether a $355 million payment would be met or whether the island would default in order to force debt restructuring.

The island made the specific payment as $273 million of the amount due had constitutional guarantees; however, Puerto Rico defaulted in August to a $58 million payment. The

Puerto Rico has been dubbed "America's Greece." As Europe was bracing in agony for a possible Grexit in July 2015, Wol...

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