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.