WILL ANTIGUA HAVE TO PAY OUT $200 MILLION FOR THE ALFA NERO?

Given the fact that there is litigation pending in Russia, and the government there has already reportedly seized assets of the Turkish billionaire who bought the ALFA NERO from Antigua's GASTON BROWNE'S government for less than 50% of its market value, legal observers believe that the bill for literally stealing and selling off the luxury yacht will eventually come due, and the people of Antigua and Barbuda will see it come out of their already seriously depleted national treasury. Insiders also are following the unfolding criminal investigation into the case in Dubai, UAE, where the government there could also compel Antigua to pay back the family of the Russian oligarch who own the vessel. Finally, remember that the Russians have placed extremely valuable works of art on the yacht, and Gaston Browne's port director's henchmen are believed to have boldly stolen them off the vessel, when it sat on the docks in Antigua.

Could the Alfa Nero case render Antigua, with its dysfunctional, distressed economy, insolvent? If a foreign court of competent jurisdiction has a judgment and demands payment, would default place ANTIGUA into the category of deadbeat nation? I wonder how Antiguan voters, who just recently reelected the Labour Party for another five years, will deal with this upcoming catastrophe.