Tag archive for ‘liquidity support’
Government Building Flags Half-mast
By The Publisher On Saturday, May 23rd, 2020
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Political storm brewing over “unconditional” letter of Minister Plenipotentiary

PHILIPSBURG – There is a political storm brewing over a letter Minister Plenipotentiary René Violenus sent to State Secretary Drs. Raymond Knops on May 20, informing him that St. Maarten has accepted the requirements More...

Union members at the Government Building - 20200522
By The Publisher On Friday, May 22nd, 2020
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No protection for civil servants against lower salaries

PHILIPSBURG – Now that the government has accepted the Kingdom’s conditions for liquidity support, the salaries of civil servants and politicians are up for review: a 25 percent cut in the remuneration of politicians More...

Raymond Knops
By The Publisher On Wednesday, May 20th, 2020
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Dutch parliament backs up conditions for liquidity support

THE HAGUE – Members of the Dutch parliament support the conditions State secretary Drs. Raymond Knops has imposed on Aruba, Curacao and St. Maarten for the provision of liquidity support, but some parliamentarians More...

Government Administration Building with Flags- 20200220 JH
By The Publisher On Sunday, May 17th, 2020
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An unthinkable scenario

By Hilbert Haar The conditions attached to the provision of continued liquidity support have put the government in a rather awkward position. Demanding a 25 percent salary cut for ministers and parliamentarians More...

Government Administration Building with Flags- 20200220 JH
By The Publisher On Sunday, May 17th, 2020
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Brutal package of conditions leaves government little choice

PHILIPSBURG – The Kingdom Council of Ministers had presented a brutal package of conditions for the release of continued liquidity support. Prime Minister Silveria Jacobs has labeled these conditions as an ‘indecent More...

Central Bank of Curacao & St. Maarten CBCS
By The Publisher On Saturday, May 16th, 2020
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Time to split up the monetary union of Curacao & St. Maarten?

~ Is it a good time now to take up the 2013 SER advice to split up the monetary union between Curacao and St. Maarten? ~ By Hilbert Haar The conditions the Kingdom wants to impose on Curacao for more liquidity More...

De Nederlandse Bank DNB
By The Publisher On Saturday, May 16th, 2020
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Dutch national bank to become watchdog of CBCS

PHILIPSBURG – The government of Curacao and the Central Bank (CBCS) will have to provide the Dutch National Bank (DNB) with a broad insight into the situation in the financial sector and into potential losses, More...

State Secretary Raymond Knops - 2020042401
By The Publisher On Friday, May 15th, 2020
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Knops maintains: Solidarity is a two-way street

THE HAGUE – “The vulnerability of the economies of the Caribbean islands is significant, not only because of the dependency on tourism but – in the case of St. Maarten – also because of the aftermath of More...

Government Administration Building with Flags- 20200220 JH
By The Publisher On Friday, April 10th, 2020
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Fooling the people

By Hilbert Haar Let’s have a closer look at our government’s solidarity initiative of and in particular at the decision to cut the salaries of ministers and members of parliament. Based on a letter from the More...

Raymond Gradius - Chairman Cft
By The Publisher On Wednesday, April 8th, 2020
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CFT board members revolt

PHILIPSBURG – For the first time since its establishment almost ten years ago there is a public row among the board members of the Board financial supervision (Cft). The Cft-members representing St. Maarten (Russell More...