Puerto Rico governor says island can't pay its public debt

``The news from Gov. Alejandro Garcia Padilla delivered another jolt to the recession-gripped U.S. island, as well as a world financial system already worrying over Greece's collapsing finances... The governor hopes to defer debt payments while negotiating with creditors, spokesman Jesus Manuel Ortiz said late Sunday, confirming comments by Garcia that appeared in a report in The New York Times published that evening. "There is no other option. I would love to have an easier option. This is not politics, this is math," Garcia is quoted as saying in the Times.''