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- ejasun
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Seychelles, the idyllic archipelago in the Indian Ocean off the coast of Africa, is best known as an island paradise playground for celebrities, royalty and the ultra-wealthy. These days, it's better known for something else: bankruptcy
http://finance.yahoo.com/news/Seychelles-Paradise-goes-hftn-14745001.html
http://finance.yahoo.com/news/Seychelles-Paradise-goes-hftn-14745001.html
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ejasun
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$2.1 billion bailout from International Monetary Fund last fall, but the Seychelles' problems illustrate the degree to which the global economic crisis has leveled some economies altogether.
Seychelles defaulted on a $230 million, euro-denominated bond that had been arranged by Lehman Brothers before its own bankruptcy.
http://finance.yahoo.com/news/Seychelles-Paradise-goes-hftn-14745001.html
- 3 years ago
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ejasun