"It's a very complex situation," Garcia said at a recent news conference. "We will respect the pensions of those who contributed and built this country."The island only recently emerged from a six-year recession and the unemployment rate is 14 percent, higher than any state. Manufacturing, the largest segment of the economy, has been in decline for years. Former Gov. Luis Fortuno laid off more than 20,000 government workers. His predecessor, Anibal Acevedo Vila, was forced to partially shut down the government for two weeks in May 2006 in a standoff over budget talks with the legislature.
Puerto Rico Teeters On Fiscal Edge Over Pensions
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