Jamaica: $18.2 Billion in debt-Worse than Italy Spain or Ireland

on par with greece.............from bloomberg.......

"When the afternoon bell rings at August Town Primary School, children kick around a plastic bottle filled with gravel instead of a soccer ball. When administrators need to buy a copier, they turn to parents, businesses or foreign embassies for donations.

Making do has become a way of life at the school as it has all across Jamaica, where paying off the nation's punishing debt takes priority.

The country owes creditors $18.2 billion, which is more than its entire domestic economy produces in a year: 132 percent of gross domestic product, according to the International Monetary Fund. That's a heavier load than crisis-hit Italy, Spain or Ireland face, and nearly as high as Greece's"........READ MORE