Paradise Goes Bankrupt

The 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.

With just 87,000 people, the Seychelles now has the unenviable stature of being perhaps the most indebted country in the world. Public and private debt totals $800 million - roughly the size of the country's entire economy.

http://finance.yahoo.com/news/Seychelles-Paradise-goes-hftn-14745001.html

http://www.seychelles.travel/en/home/index.php