It's not just Greece: Twitterverse mulls #Prexit

The Cigar House in Old San Juan, Puerto Rico.
Susana Gonzalez | Bloomberg | Getty Images
The Cigar House in Old San Juan, Puerto Rico.

An unlikely economic event - the probability of two sovereign defaults in a week - sparked a flurry of reaction in the Twittersphere on Monday.

Puerto Rico burst onto the global debt default scene in style, with an article in the New York Times. The U.S. commonwealth's governor Alejandro García Padilla told the newspaper that the Puerto Rico would go bust if it did not repay a $72 billion debt.

"The debt is not payable. There is no other option. I would love to have an easier option. This is not politics, this is math."

Taking a tack also adopted, unsuccessfully, by Greek Prime Minister Alexis Tsipras, Padilla added that creditors must re-consider their demands and be willing to negotiate on restructuring: "If they don't come to the table, it will be bad for them...What will happen is that our economy will get into a worse situation and we'll have less money to pay them. They will be shooting themselves in the foot."

Padilla's admission was the latest event to sour market sentiment following a dramatic weekend in Athens that some experts said could be the biggest flash point for markets since Mario Draghi's famous 'whatever it takes' statement in 2012.

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While the mood on Twitter ranged from irony to solemn, the sheer magnitude of recent events was undoubtedly clear.

Meanwhile, a Twitter post from Greek Prime Minister Alexis Tsipras quoting Franklin D. Roosevelt's famous line ["The only thing to fear is fear itself] also made waves.