October 30, 2006

FINANCIAL REPUTATION AT STAKE? HOW ABOUT ARUBA'S OVERALL REPUTATION?


Sounds like Aruba is still trying to figure out ways to get money. It's pretty pathetic how they are practically begging like they are complete destitute dogs. They say their finances are at stake as a result of the conditions the Netherlands have imposed for Aruba borrowing money. How about the island's other stakes?


How about the results of the boycott?!? Do you think that Aruba would be begging to borrow money if their island was doing 'oh-so-great' like they proclaim they are? Listen, it's quite obvious what the problem is here. The boycott and Aruba's bad reputation are the cause of this.


Wake up and smell the coffee! This is your own fault! Keep begging, because things will not get any better for you!


Swaen: ‘Financial reputation of Aruba at stake’

Minister Nicolaï is looking for alternatives, so that Aruba can still borrow money.


ORANJESTAD – The reputation and name of Aruba on the international financial market is at stake, says minister Nilo Swaen (MEP) of Finance and Economic Affairs, as a result of the conditions that the Netherlands had laid down for borrowing money abroad.


These statements are in the report of the meeting between the Aruban and Dutch government of last Monday. The Aruban ministers that attended this meeting were Premier Nelson Oduber, Finance-minister Swaen, Justice-minister Rudy Croes (MEP) and minister Plenipotentiary Frido Croes (MEP), and the Dutch minister for Governmental Renewal and Kingdom Relations, Atzo Nicolaï (VVD).


It appears that Nicolaï is looking for alternatives, now that according to him, Aruba can not agree with the conditions, namely that the Federal Minister Council must also approve the local loans. As Amigoe reported earlier, the minister wants to include a Dutch expert in the Aruban committee Public Finances that amongst others is working on the budget standard. This committee will have to report to the Federal Council of Ministers and the federal government will also have to monitor the recommendations, said Nicolaï. He continues saying that the budget standards of the kingdom countries must be laid down in a statute law.


Swaen indicated in a reaction that in the past five years, the Netherlands has never mentioned that there are stipulations with borrowing money in foreign countries. Aruba participates in the international financial market and is being monitored by the International Monetary Fund (IMF) and Fitch Ratings. According to the minister, Aruba has better ratings this year compared to last year. (Let's see the ratings, Minister...)


According to the minister, there was a quick scan and the idea based on this is, that Dutch experts work together with Aruban civil servants in order to make corrections. (How about the Dutch and Aruba work together to solve the disappearance of Natalee Holloway?) When necessary, Aruba has always cooperated with the Netherlands. The two countries should not be treating each other like this, said the minister.


With regard to the committee Public Finances, Swaen indicates that the government is already planning to suggest the Parliament to establish a budget standard via a national ordinance and not via a statute law. However, for official reasons, he cannot agree with reporting the progress of the committee to the Federal Council of Ministers, because it is an internal matter.


He finally points out that when other interests are at stake, and with that he means the negotiations regarding more collaboration with the other islands, they should discussed it openly. There is no longer a mutual trust, concluded Swaen.


Nicolaï said on Wednesday during the press conference in Curacao, that Aruba does not play a part in the governmental deliberation that takes place in The Hague next week Wednesday. Minister Plenipotentiary Croes will basically attend this meeting as observer.


The following persons were present at the conversations for Aruba: Prime Minister Nelson Oduber, Finance-minister Swaen, Justice-minister Rudy Croes, (Rudy finally shows up for something! Wow!) minister Plenipotentiary Frido Croes, and the (official) employees Peter Davidse, Erwin Croes and Bano Lopez. For the Netherlands were present: minister Nicolaï, Representative of the Netherlands in Aruba Rens Knegt, and a press officer of minister Nicolaï.

4 comments:

dennisintn said...

aruba is like one of my grandkids. "i want you to give me money, lots of it, but i don't want to tell you how i'm going to spend it, or tell you how i spent the last money you gave me either". you can imagine how well that argument works.
dennisintn

Deb357 said...

"When necessary, Aruba has always cooperated with the Netherlands. The two countries should not be treating each other like this, said the minister."


Aruba does not wish to cooperate because they are hiding their corrupt laundering and don't want to get caught by The Hague.

Anonymous said...

Aruba is dragging Netherlands down into Euro bankruptcy. There are two kind of currency floating in Holland. The Euro is for the common people. The Royal Dutch still use the Guilder. To skirt the EU regulations, the Guiders are printed in Aruba by the Central Bank. When Aruba sinks, the Guilders goes down with it. It is that simple and so dangerous for the Bank of Holland.

Anonymous said...

FINANCIAL REPUTATION AT STAKE? HOW ABOUT ARUBA'S OVERALL REPUTATION?


haha over all reputation.

What reputation? Don't think they have one any longer other than a salty dog and a sinking pile of sand.