GLOBAL ECONOMY

Puerto Ricans flee island on brink of financial collapse
Thousands are fleeing the island as its economy crumbles and crime rate soars.
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A man in a local bar watches Puerto Rico's 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. (AP Photo/Ricardo Arduengo)

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A man plays his guitar while he begs for money in front of a closed down business in Old San Juan, Puerto Rico, Monday, June 29, 2015. International economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. (AP Photo/Ricardo Arduengo)

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SAN JUAN, PUERTO RICO - JUNE 30: Rosaura Guzman waits for customers at John Cafe a day after Puerto Rican Governor Alejandro Garcia Padilla gave a televised speech regarding the governments $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: People use a Banco Popular ATM machine a day after Puerto Rican Governor Alejandro Garcia Padilla gave a televised speech regarding the governments $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: People look at the job listing posted on the wall at an unemployment office a day after the governor gave a televised speech regarding the governments $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: Hilda Soto (L) has breakfast as she reads a newspaper article about the speech Puerto Rican Governor Alejandro Garcia Padilla gave regarding the governments $73 billion debt on June 30, 2015 in San Juan, Puerto Rico. Soto said that she believes it's the moment for the island to go independent, as the Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: A delivery man pushes a cart through the streets a day after the Puerto Rican Governor Alejandro Garcia Padilla gave a televised speech regarding the governments $73 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: People sleep on the sidewalk a day after Puerto Rican Governor Alejandro Garcia Padilla gave a televised speech regarding the governments $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: A woman sorts through her belongings on a park bench a day after the speech Puerto Rican Governor Alejandro Garcia Padilla gave regarding the government's $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 30: Jose Vasquez reads a newspaper with a Spanish headline that reads, "more sacrifices," a day after the speech Puerto Rican Governor Alejandro Garcia Padilla gave regarding the government's $72 billion debt on June 30, 2015 in San Juan, Puerto Rico. The Governor said in his speech that the people will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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A man stands in front of a jewelry store in the neighborhood of Rio Piedras in San Juan, Puerto Rico, Monday, June 29, 2015. The jewelry itself is surrounded by closed down businesses. International economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. (AP Photo/Ricardo Arduengo)

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SAN JUAN, PUERTO RICO - JUNE 29: Rosa Arias listens as Puerto Rican Governor Alejandro Garcia Padilla addresses the island's residents in a televised broadcast regarding the governments $73 billion debt on June 29, 2015 in San Juan, Puerto Rico. The governor said that the people on the island will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

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SAN JUAN, PUERTO RICO - JUNE 29: A man sleeps on a bench as Puerto Rican Governor Alejandro Garcia Padilla addresses the island's residents in a televised broadcast regarding the governments $73 billion debt on June 29, 2015 in San Juan, Puerto Rico. The governor said that the people on the island will have to sacrifice and share in the responsibilities for pulling the island out of debt. (Photo by Joe Raedle/Getty Images)
(2015 Getty Images)

Puerto Ricans flee island on brink of financial collapse

Thousands are fleeing the island as its economy crumbles and crime rate soars.

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