Tuesday, July 3, 2012

Euro zone crisis is a nightmare for Saint Lucia!

16 comments:

Anonymous said...

Says who? LPM? Who dat?

Anonymous said...

Saint Lucia is running out of time to attract investments from both our local and emerging markets. And when all is said and done, there is no other way to create the necessary jobs that will pay down the nation debt and turn around the nightmare that Saint Lucians face on a daily basis in this fiasco economy.

Anonymous said...

Therefore idiot, are the emerging markets located in the Eurozone?

Anonymous said...

The question is who’s living the legend – while the State cannot support a basic fleet of emergency vehicles such as ambulance and fire trucks, - provide education, adequate food, medical services and housing for its people.

Anonymous said...

It's my understanding that Kenny plans on getting part of the money for his budget from EU? I am going to hold my breath on this one until it happens.

Cheers to Better Days!

Anonymous said...

The European Union is no more that a cultural theme park and irrelevant.
The progressives have destroyed those countries with their social and fiscal policies.

When the brown stuff hits the fan we will all still wonder why because the left wing media and politicians here have hidden the fact of the degredation of Europe..

Anonymous said...

How comes it that this is so, when the Eurozone itself is not a major trading or buyer of our services?

Britain is in the EU but that is not the same thing as the Eurozone. Does the writer know what he is writing about or is just trying to take advantage of an opportunity to make a cheap plug for LPM?

Anonymous said...

I don't think the LPM needs cheap plugs.

They are competent in their own skin and know their Stuff.

Read the article a second time and get a better understanding.

Anonymous said...

The authour offers no specifics regarding problems or solutions, since he appears to have cribbed his entire essay from Bloomberg News.

Just another 'local' mercenary consultant looking to suck hard on Helen's teats!

Anonymous said...

Boy the SLP's are up in arms.

They have shut mouths and close eyes these day's.

THEY HAVE DRUNK THE DOCTORS COOL-AID.

Anonymous said...

CARICOM official warns about duty free access for EU goods
----
Under the agreement, signed in 2008 between the Caribbean Forum (CARIFORUM) and the EU, CARIFOUM countries agreed to start the reduction of customs duties on a number of catergories of Euroipean goods by January 2011. However, according to a report out of Belgium last week, the EU has been growing impatient with the pace at which this is progressing.

Read more: http://www.caribbean360.com/index.php/business/594084.html?utm_source=Caribbean360+Newsletters&utm_campaign=56275f0825-Vol_5_Issue_26_Business7_5_2012&utm_medium=email#ixzz1zlXFWwLk

----

Anonymous said...

The EURO Zone crisis will affect St. Lucia ! Wow !

No that is not the reality.

The reality is that the same forces killing Europe and America is also killing the Caribbean and St. Lucia.

Those forses are the political/academic/media leftists otherwise called liberals or progressives or socialists or marxists who are killing the Judeo Christian tradition that made Western Civilization great.

So for example in France just like in Greece or Spain or Italy what do we have ?

The French are busily denouncing the “failed” “conservative” policies of recent leadership, and the mere word “austerity” is treated like the plague.

The fact is Europe has not had CONSERVATIVE leaders, and they certainly haven’t had austerity.

They have had slightly-less-progressive governments masquarading as CONSERVATIVES as in the UK) making very tiny budget cuts and shuffling money around.

They have to stop pretending like they have actually made any real efforts at encouraging economic growth rather than appeasing their populace with the promise of more free stuff.

Just like in St. Lucia. Kenny and Phillip have only caused problems and never faced up to St. Lucia's issues. They have only made things worst this third time around by borrowing another $250,000,000 and handing it out like saviours.

But because we all have liberal/socialist mentalities we THINK that this is how governments are run. What a joke as the merry-go-round keeps spinning.

Anonymous said...

The SLP is simply a tribal organization offering up goodies to certain members of its leadership.

Because St. Lucians do not understand good governance they think that the liberal/progressive/socialist failed policies of this govt are the way forward.

Bitter Days ae indeed here again.

Anonymous said...

The European union keeps printing money and borrowing more and more.

The idiot Obama keeps printing money in the trillions with the collusion of a compliant Federal Reserve.

Kenny and Phillip keep borrowing at a quarter billion dollars annually !

What happens when everything gets devalued and no one has anywhere to borrow money from ?

fools paradise and we call iy St. Lucian politics.

Anonymous said...

OBSERVER EDITORIAL: What little Jamaica can teach Europe

http://caricomnewsnetwork.com/index.php?option=com_content&view=article&id=7491&Itemid=457

First of all, Europe is one of Jamaica's most important economic partners; and this is manifested in the actuality and potential of trade (more so for exports of goods and particularly services than for imports), development aid, foreign direct investment, remittances and tourist arrivals and expenditure.

The prolonged economic recession has had a deleterious impact on the Jamaican economy and the further deterioration does not augur well for us.

Second, in a broader sense, the economic difficulties of Europe are a pall on the possibilities for an economic recovery of the world economy; dampening growth prospects for some of our other economic partners, especially the critical United States economy. This is evident in the stop-go gyrations and a failure to sustain tangible economic growth despite repeated domestic pump-priming stimuli.

Third, the unsustainable debt and the acute fragility of the banking system in Europe have made the world aware that fiscal profligacy, inadequate regulation of financial markets, and political instability associated and incited by economic austerity are not endemic to developing countries.

Anonymous said...

Related Commentaries

The following commentaries share at least one of the same topic categories.

Caribbean Rum in danger: Urgent government action needed
Who will save Caribbean Rum?
After a Year of the EPA with Europe, what benefits for the Caribbean?
Negotiating from Weakness: Review of Agreement with Europe needed

Agreement with Europe begins to kick

A statement credited to Alexander Walford, Policy Officer of the Caribbean-European Union (EU) in the European Commission, says that eight Caribbean countries have not implemented tariff cuts on EU goods as required by the Economic Partnership Agreement (EPA) signed in 2008.

This is not surprising news for two reasons. First, very few of the 15 Caribbean countries that individually signed the EPA with the 27-nation EU collective had the resources to implement the undertakings for tariff cuts that they gave. Over the last four years, many of them have not put the required machinery in place and many more of them have not ratified the EPA. Only five Caribbean countries have ratified . These are: Antigua and Barbuda, Belize, Dominica, Dominican Republic and Guyana. At my last count only Guyana had introduced legislation in Parliament that identified the tariffs that would be cut and the timing of such cuts.

The second reason that it is not surprising that eight countries (of which Jamaica is specifically named) have not implemented the tariff cuts is that the signing of the EPA coincided with the global financial crisis that adversely affected many Caribbean economies. Hit by a decline in revenues from decreased tourism, high energy costs and little investment, the removal of the tariffs on EU imports as required by the EPA, would cause all governments to lose much needed income

Read more:
http://www.sirronaldsanders.com/viewarticle.aspx?ID=316