St Lucia: PM paints dismal economic picture

September 26, 2012

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PM Anthony

CASTRIES, St. Lucia, Sept 24, CMC – Prime Minister Dr. Kenny Anthony says St. Lucia is singlehandedly keeping the Eastern Caribbean economy afloat, and therefore has to exercise fiscal responsibility in the interest of monetary stability in the sub-regional currency union.

Addressing the 51st annual general meeting of the St. Lucia Employers Federation (SLEF), Anthony, who is also Finance Minister, said that a that several states of the sub-regional Organisation of Eastern Caribbean (OECS) were in financial trouble with St. Kitts and Nevis having to undertake major debt restructuring.

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