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Grenada Negotiates 50% Sovereign Debt Principle Reduction

Capital idea: St George's in Grenada
Capital idea: St George’s in Grenada

The tiny Caribbean island nation of Grenada, with a population near 100,000, may be a bond investor’s nightmare that could also point to a solution for sovereign nations drowning in debt. Bond holders, including one “vulture investor,” take a 50 percent haircut in sovereign debt Grenada, which was hit by devastating hurricanes in succession starting in…

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The Author

John McCarthy

John McCarthy

John McCarthy has been reporting on the U.S. Virgin Islands and the Caribbean region since 1989. John's articles have appeared in the BVI Beacon, St. Croix Avis, San Juan Star and Virgin Islands Daily News. He is originally from Detroit, Michigan.

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