GOVERNMENT FINANCE AND BEYOND, WHO CAN BRING THE ECONOMY BACK IN MOTION?
Luncheon lecture by Prof. dr. Age Bakker
Upon request of the “Vereniging Bedrijfsleven Curaçao “, professor Age Bakker held a lecture on the economic situation of Curaçao on Friday September 5, 2014 (click here).
Professor Bakker is the Chairman of the “Board financial supervision for Curaçao and Sint Maarten” (College financieel toezicht Curaçao en Sint Maarten – Cft).
From the lecture:
“When Curaçao became a country four years ago, expectations ran high. What then followed was something like a false start. Disappointment was great.
But this is the way how countries grow. I believe much has been learned …
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ERIC GARCIA: CURACAO NOT READY FOR INDEPENDENCE
VBC Lunch Lecture Held Wednesday, December 14, 2011
According to Eric Garcia (CEO Girobank) “we need to be honest and acknowledge the fact that we are simply not ready for independence. Neither financially nor politically. Instead of continuously focusing on independence, our government should deal with the many macro-economic challenges our country is facing at this moment. Curacao’s growth has been lagging behind other countries in the Caribbean. Our poor economic performance is accompanied by a high unemployment rate, particularly among the youth. However, it seems as if our politicians do not perceive the low economic growth and high unemployment …
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DUTCH GOVERNMENT INJECTS $13 BILLION IN ING GROUP
Restoring confidence is key
Recently, the Dutch government acquired all shares in the capital of the Dutch subsidiary of Fortis, i.e. Fortis Bank Nederland, including ABN AMRO Bank.
Furthermore, the Dutch government has set aside $27.5 billion of capital to protect the financial institutions of the Netherlands. Although there are many banks that have enough capital to get them through this period of market turmoil (a ‘credit tsunami’, according to Alan Greenspan), many of these financial institutions are not in a position to lend money at the levels that are necessary to support the Netherlands …
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