the first ship sails through the newly expanded Panama Canal in April 2016, marking the end of the first phase of its multi-billion dollar expansion, it capped off years of China-esque growth. This is in contrast to Jamaica’s sluggish economic growth with numerous bailouts by the International Monetary Fund (IMF) and has moved a step backwards in trying to achieve its millennium goals. This is a tale of two extremes regarding debt repayment which might provide some lessons to the Troika on how debt repayment should be structured in Europe as not to fall into a vicious Jamaican cycle.
http://themarketmogul.com/can-debt-r...two-economies/
http://themarketmogul.com/can-debt-r...two-economies/