Wednesday, April 01, 2009

The most indebted country in the world

CNNMoney.com had an interesting piece on Seychelles, which it describes as 'perhaps the most indebted country in the world.'

The archipelago has an $800 million national debt, approximately the size of its entire economy, for a population of only 87,000 people. The article blamed the decline in the fishing and especially tourist industries, on which the Seychelles are heavily dependent.

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