6/07/2011

Life is never boring when we keep track of what two News papers are saying.

The questions keep coming, and the answers read like tabloid News. Can we hang our future on what they are telling us? The following may make us all a bit nervous as to what to believe from one day to the next:

  • What is the status of the Higher supervision threat?

Donner: integrity of government also at issue

The Amigoe: Not only is the integrity of the Central Bank of Curaçao and St. Maarten at issue, but also that of the Curaçao government. Minister Piet Hein Donner of Kingdom Relations mentions this in his letter, which he forwarded to the Lower Chamber last Wednesday after the Government Council of Ministers’ meeting. According to Donner, the investigation is not only meant to restore the confidence in the Central Bank but also in the government.


Curaçao was near higher supervision

The daily Herald: By agreeing to have an independent committee conduct an investigation, Prime Minister Gerrit Schotte (MFK) apparently was able to avoid such. The Kingdom Government has a guarantee function when it comes to basic rights in all the territories.

  • So why are they talking about this in as if we avoided an investigation? 

Schotte: We are not routing anyone

The Amigoe: Schotte stated that Tromp was no more than a ‘simple civil servant’. “He is a subordinate of the government, who is to answer for the consequences of his actions.” The Premier called on Tromp to take the honorable way out. Schotte concluded that if he were accused of such things personally, several local media would have demolished him already.

Sarah: Statements on St. Maarten holding back currency ‘not correct’

The daily Herald: "Not correct" is how Prime Minister Sarah Wescot-Williams responded to press statements emanating from Curaçao, especially from that country's Finance Minister George Jamaloodin, that St. Maarten is to be blamed for the possible postponement of the implementation of the Caribbean guilder in 2012.

The Amigoe: The PNP is concerned about how the government responsibly with monetary policy. The reason for the concern of PNP president Gisette Seferina his explanations of Central Bank director Emsley Tromp who argues that the government operation of the Central Bank impossible.
  • Will there be an investigation and who will conduct it?

Government Council of Ministers to start independent investigation

The Amigoe: Today the Government Council of Minister decided to have an independent committee investigate the controversy on the Central Bank of Curaçao and St. Maarten. The Netherlands and Curaçao will be represented in this committee. Premier Gerrit Schotte of Curaçao was present during the meeting of the Government Council of Ministers prior to his departure for Spain.

Cooper: Kingdom Council decision can’t be executed

The Daily Herald: Acting Curaçao Prime Minister Charles Cooper (MAN) has stated that the decision by the Kingdom Government to let an independent committee have an investigation conducted at the joint Central Bank of Curaçao and St. Maarten cannot be executed.

Base on all of the above I have a serious concern. I don't know who is reporting the correct NEWS.

  • So what is the real status of our Central Bank?

‘Central Bank in receivership’

The Amigoe:   
The Minister of Finance (St. Maarten), Hiro Shigemoto, has informed the director of the Central Bank, Emsley Tromp in writing on Tuesday that the Minister of Finance of St. Maarten be involved with all investments of the Central Bank of Curaçao and St. Maarten. According to PS-leader Helmin Wiels, a similar letter from the government will be sent to Tromp today.




  • So is it business as usual? 


Four of six Central Bank board members sworn in

The daily Herald: 


Four of the six members of the Supervisory Board of Directors for the Central Bank of Curaçao and St. Maarten took the oath of office before Governor Eugene Holiday on Friday.
Three of the four directors - businessman Robbie Ferron, tax consultant Marciela Illidge, and attorney Jairo Bloem – were named by St. Maarten while the fourth - attorney Nelson Navarro was named by Curaçao.
Finance Minister Hiro Shigemoto was present for the swearing-in ceremony held in the Governor's Office at Harbour View.
Are you confused, I am!
In my humble opinion all of these Central Bank issues will lead to HIGHER SUPERVISION.
No way will the Dutch Government, who already have the Justice and Finance Ministries on lock down, allow these to Islands to play their games with Money.  

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