Daily Archives: Mar 17, 2012

What country enjoys a bountiful tourism industry and pleasant weather, but has seen a government overspending and ill fortune send its indebtedness soaring, forcing a sorely needed sovereign restructuring?

The answer, of course, is Saint Kitts and Nevis, the lush West Indies island federation.

The similarities don’t end there. Like Greece, St Kitts has been locked in an inflexible monetary bloc – the East Caribbean Currency Union – limiting its options in the face a debt-to-gross domestic product of almost 200 per cent when it first embarked on a restructuring last summer. Read more

This week on beyondbrics: Five top urban markets across Africa – and five hot prospects; India’s nasty surprise for Vodafonefighting words in Brazil’s currency war; Indonesia’s complicated new rules on foreign workers; unusual trading patterns in the Abu Dhabi stock market ; the return of Chinese property bondstension between oligarchs forces Rusal’s chairman to resign; and Brazil’s football boss brings his controversial tenure to an endRead more