Spies urges Curaçao to "work harder"

By The Holland Times Fri. 15 June 2012

Curaçao needs to implement fundamental reforms to its economy to deal with the financial crisis, het Parool reports Secretary of the Interior and Kingdom Relations Liesbeth Spies (CDA) as saying today at the end of her visit to the Dutch Caribbean island.
An ongoing political crisis in Curaçao has lead to recent speculation that the coalition government in power may be about to collapse, speculation that has been refuted by Curaçao officials. Regardless, Spies insists that financial reform should be pursued independent of any government crisis due to the urgent nature of the concern.
The minister visited the governments of both Curaçao and nearby St. Maarten, expressing her concern about the central bank of each island. She described the banks as "not working" partly because of problems with appointments to the supervisory board.
Curaçao is expected to have a shortfall of approximately 35 million euro in its budget, and has one week to present its austerity measures designed to combat this deficit.

(Photo: Jessica Bee)

Comments:

Economics:

Dossiers:

• FINANCIAL CRISIS
• EMPLOYMENT
• BUDGET CUTS
• HOUSING
• SMALL BUSINESS