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Article: CARIBBEAN: BANK SCANDALS ADD TO REGION'S ECONOMIC WOES.
- Article from:
- Interpress Service
- Article date:
- March 6, 2009
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By Peter Richards
BRIDGETOWN, Barbados, Mar. 5, 2009 (IPS/GIN) -- Caribbean leaders emerged from a one-day special summit on Wednesday night to announce new mechanisms to deal with some of the problems plaguing the region's financial sectors.
The move was occasioned not only by the ongoing global crisis, but by several homegrown scandals as well.
"We're suffering from the fallout of the international crisis, but it is not beyond us to sort out the difficulties, which we have. We have done so in the past," St Vincent and the Grenadines Prime Minister Ralph Gonsalves told reporters.
Prior to the start of the talks here, Grenada's Prime ...