US newspaper says Jamaica’s debt worse than Greece
Jan 09, 2013
CHICAGO, CMC – A leading United States newspaper Tuesday said that Jamaica’s debt crisis is in a worse financial shape than Greece and suggested that the Portia Simpson Miller administration consider a bailout plan with significant debt relief.
The Chicago Tribune in an editorial said that Jamaica has more debt in relation to the size of its economy than any other country and warned against the Caribbean island becoming what it labelled “The Greece of the Western Hemisphere”.
“The Caribbean nation actually is in worse financial shape than Greece,” the editorial said, noting that the island pays more in interest than any other country.
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