the cayman islands don t have the same level of welfare support as us the state is about 20 % of the economy it s closer to 40 % here i met emily a retired civil servant living in a house full of damp and mould with a Â£ 1500 a month mortgage twice the uk average she was unable to keep up payments
Regardless, the Bermuda or Devil's Triangle is an imaginary area located off the southeastern Atlantic coast of the United States, which is noted for a high incidence of unexplained losses of ships, small boats, and aircraft.
Two major factors affect this: the level of foreign currency debt and the prevalence of short term debt. In Bermudas case, debt outstanding is held in US dollars. A problem would arise if Bermuda was unable to maintain the peg it has with the US dollar.If the Bermuda dollar were to depreciate, the US dollar denominated debt would become more onerous and difficult to repay.Luckily, this does not appear to be an issue at this time. The key factor to consider is Bermudas current account situation which sits at a surplus.f the Bermuda dollar were to depreciate, the US dollar denominated debt would become more onerous and difficult to repay. Luckily, this does not appear to be an issue at this time. The key factor to consider is Bermudas current account situation which sits at a surplus.