Belize Times February 12, 2012

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Sunday, February 12, 2012

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THE BELIZE TIMES

SCAN HERE

SUNDAY February 12, 2012

Issue No. 4783

www.facebook/Belize Times

Loose lips,

nearly sinks ship

PM’s rhetoric lands serious economic blow Belize City, February 7th, 2012 The loose lips of Belize’s irresponsible Prime Minister have once again cost the nation, triggering another unnecessary international embarrassment. As if it weren’t enough that Belize has virtually scared away prospective investors and is known as the murder

capital of the region under the Barrow Administration, Prime Minister Dean Barrow has given the nation yet another black-eye by sending off the wrong signal regarding Belize’s commitment to meeting its debt obligations. In his election announcement on January 31st, Barrow uttered that his administration would seek “clear in-

structions” from the electorate “to do something about the superbond”. This spun Belize’s credit market into chaos and confusion, and the result was a further blow to Belize’s already debilitated economic outlook. In an almost swift response from wary agencies, Belize’s credit rating was lowered to junk status.

Marcel Cardona

will vote PUP!

Standard & Poors immediately cut Belize’s long-term rating from Bto CCC+, citing that “there are signs that the Belizean government is becoming less willing to service its external commercial debt”. These signs were attributed to Barrow’s injection of the debt service of the super bond as

Continued on page 4

PUP MOVES ON

His OW East Upliftment Committee will campaign for Dr. Marco Tulio-Mendez

Cardona says UDP’s 4 years have been a “reign of terror”

BELIZE CITY, Wednesday, February 8th, 2012 The political campaign fever hit a new pitch today when elected UDP area representative for Orange Walk East constituency announced that he was officially defecting from the ruling United Democratic Party and casting his support for the Opposition People’s United Party. At a press conference held this afternoon in Belize City, Cardona said that his support for the PUP will not be as a candidate in the March 7th

Continued on page 6

Import permits “stink up” local potato market Incompetent UDP Minister & CEO of Agriculture strike again Belize City, February 8, 2012 Like spoilt potatoes causing a revolting stink, a slew of permits granted by the Ministry of Agriculture, is threatening to destabilise the local potato market. More than 55,000 pounds of pota-

Yolanda Schakron & David Craig are the PUP’s candidates for Lake Independence and Albert Constituencies, respectively. They will ensure PUP victories!

to, which were approved for importation from Mexico by cronies of the United Democratic Party, have flooded the local market, creating an unnecessary competition for local potato growers who were expecting to put out their full harvest by

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PUP LEADER PLEDGES

SUPPORT FOR TOLEDO RICE GROWERS

PUP Leader, Hon. Francis Fonseca, addresses rice growers group during meeting in Punta Gorda Town, Wednesday


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