Thursday, June 4, 2009

No Retreat? No Surrender?

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1 comment:

Anonymous said...

While these despairing scenes are playing out in Saint Lucia, nearly 2000 miles away in a Board Room at the World Bank, finance officals from small sates around the world are admitting that some hard times are ahead for their peoples. The Caribbean has seen a 20% drop in tourism; remittances from overseas are down by as much as 40% in some countries; Barbados's once stable economy is poised for a minus 2% decline this year; its unemployment will rise to 9% and by next year nearly its entire GDP will go towards repaying loans; Seychelles has laid off public servants as has Jamaica whose Ministers have taken a pay cut. The consensus among those present at the meeting is that the global recession will be prolonged and that the Caribbean region will begin to feel its full effects in another 6 months. Amidst the thrust and parry of the industrial dispute playing out in Saint Lucia there has to be some sober reflection on these facts and the current division between GOvernment and civil servants must be replaced by a united approach to the hard times that are heading our way. To do anything less will be irresponsibility of the highest order.

June 4, 2009 at 8:29 AM

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