Montserrat italic have been destroyed by pyroclastic flows since the 1997 eruption. Others have been evacuated or destroyed since 1995. Montserrat Montserrat () is a Caribbean island in the Leeward Islands, which is part of the chain known as the Lesser Antilles, in the West Indies. It is a British Overseas Territory (BOT). Montserrat measures approximately in length and in width, with approximately of coastline. Montserrat is nicknamed "The Emerald Isle of the Caribbean" both for its resemblance to coastal Ireland and for the Irish ancestry of many of its inhabitants. On 18 July 1995, the previously dormant Soufrière Hills volcano,
Long-Term Capital Management September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on