Wednesday, July 13, 2016

"Amid Grim Economic Forecasts, Cubans Fear a Return to Darker Times"




Hey wait a minute.......I thought the normalization circus, the filming of the Fast and Furious, all the Hollywood elite visiting Cuba would automatically prosper Cuba and Cubans?

Well..... it's not the crazy Cuban exiles saying this, it's the Cuban dictatorship saying this:

During the economic turmoil of the early 1990s, power cuts in Havana were so routine that residents called the few hours of daily electricity “lightouts.”
Now, grim economic forecasts; the crisis in its patron, Venezuela; and government warnings to save energy have stoked fears among Cubans of a return to the days when they used oil lamps to light their living rooms and walked or bicycled miles to work because there was no gasoline.
Addressing members of Parliament last week, Cuba’s economy minister, Marino Murillo, said the country would have to cut fuel consumption by nearly a third during the second half of the year and reduce state investments and imports. His comments, to a closed session, were published on Saturday by the state news media.
Cuba’s economy grew by just 1 percent in the first half of the year, compared with 4 percent last year, as export income and fuel supply to the island dropped, said Mr. Murillo.
“This has placed us in a tense economic situation,” he said.
Weak oil and nickel prices and a poor sugar harvest have contributed to Cuba’s woes, officials said. Venezuela’s economic agony has led many Cubans to wonder how much longer their oil-rich ally will continue to supply the island with crucial oil — especially if the government of President Nicolás Maduro falls.
Those fears grew last week after Mr. Murillo warned of blackouts and state workers were asked to cut their hours and sharply reduce energy use.
“We all know that it’s Venezuelan oil that keeps the lights on,” said Regina Coyula, a blogger who worked for several years for Cuban state security. “People are convinced that if Maduro falls, there will be blackouts here.”
President Raúl Castro of Cuba acknowledged those fears on Friday but said they were unfounded.
“There is speculation and rumors of an imminent collapse of our economy and a return to the acute phase of the ‘special period,’” Mr. Castro said in speech to Parliament, referring to the 1990s, when Cuba lost billions of dollars’ worth of Soviet subsidies.
“We don’t deny that there may be ill effects,” he added, “but we are in better conditions than we were then to face them.”
Mark Entwistle, a business consultant who was Canada’s ambassador to Cuba during the special period, said that despite its dependency on Venezuelan fuel, the island’s economy is now more sophisticated and diversified than it was before the Soviet collapse.
Besides, he said, Cuba has “this phenomenal social and political capacity to absorb critical changes.”
Still, some are perturbed at the prospect of power cuts. None of the Havana residents interviewed over the weekend had experienced power failures in their neighborhoods.
In an unusually blunt speech to journalists this month, Karina Marrón González, a deputy director of Granma, the official Communist Party newspaper in Cuba, warned of the risk of protests like those of August 1994, when hundreds of angry Cubans took to the streets of Havana for several hours.
 
 
Click here for the story.

No comments: