¡Viva Cuba Libre!
We are the Americas. Cuba is Jamaica’s closest neighbor, and the United States’ closest neighbor too. The U.S.A. is, I dare say, Jamaica’s most influential neighbor. Today is another historic day for our hemisphere, although there are some tricky obstacles on the horizon (Guantánamo Bay, for example, and the lifting of the trade embargo).
Today the U.S. Department of State released the text of letters between President Raúl Castro and President Barack Obama, re-establishing diplomatic relations after decades of separation. Diplomatic ties were severed in the year of President Obama’s birth – 1961. But the right time has finally arrived. And for those sour Florida Republicans whose noses are now out of joint, I would like to say: There is nothing wrong with creating a legacy. Or would you rather be remembered for doing nothing?
You can read more on the White House blog, but I like President Obama’s comments:
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Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing what he called excessive austerity measures on Greece in negotiations over the country’s debt payments. [Click here for the Huffington Post site, or read on]
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Late Night Live has been a daily companion of mine since 1989. Phillip Adams, its presenter, is someone I consider a friend (he, in fact, interviewed me in 1991 on the… Greek crisis!). In this (yesterday’s) program he added a touch at the very end of the interview that made me (almost) to break down. Thanks Phillip.
Debt relief ought to be at the centre of negotiations over a New Deal for Greece. That has been our government’s mantra from 26th of January, our first day on the job. Exactly five months later, on 26th of June, the IMF has conceded the point (as evidenced earlier today by the NYT) – on the very day Prime Minister Alexis Tsipras called for a referendum so that the Greek people could reject an IMF-led proposal that offered no… debt relief.
The IMF’s latest debt sustainability analysis (DSA) is a fascinating read:
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